Week Ending: 4 September 2026

Netherlands NL Sector

Real Estate

For the week ending 04 September 2026, Real Estate advanced 0.37% with 3 advancing, 4 declining, and 1 unchanged constituents. The index is equal weighted and built from country-listed equities.

Current architecture Rotation Down

Fast Activity Lines are losing the slow pair and price acceptance is deteriorating.

48 technical evidence
Index2583.65 1 week0.37% Breadth38% Members8
Country 🇳🇱 Netherlands · NL
Universe country-listed
Price basis Adjusted weekly close

Trend architecture

Index, activity fan and structural anchors

Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.

Index Value Trend Line Fair Value Activity Lines Constructive architecture Transitional architecture Defensive architecture
Current architecture Rotation Down 1 completed week in this state
Trend acceptance -1.6% Index versus Trend Line
Persistence 75% Positive regime, shorter trend weakening
Participation 38% 3 advancing, 4 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Hold and wait for confirmation

The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.

48 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
39
Breadth
40
Persistence
50
Relative
48
Risk quality
91
What supports the view
  • No major confirming factor has secured control.
What restrains conviction
  • Index trend architecture has not delivered a durable upward expansion.
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • Constituent persistence remains divided or predominantly negative.
  • The group is not yet delivering dependable relative outperformance.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 37 percentage points.
  • Positive contribution is concentrated in a small leadership cohort.
Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view
  1. A completed weekly reclaim of 2,626.90, the higher of Trend Line and Fair Value, would improve the structural case.
  2. Breadth holding above 55% for several completed weeks would show that repair is spreading.
  3. Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.

This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.

Trend state and durability

Architecture, persistence and constituent regimes

The index path is tested against the underlying security-level trend evidence.

Index architecture Rotation Down

Fast Activity Lines are losing the slow pair and price acceptance is deteriorating.

State age1 weeks
Trend gateDown
Fan width2.13%
Fast versus slow change-1.14 pts
Above 17% Below 33%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive regime, shorter trend weakening

75% agreement

The long trend remains positive, but the 13-week horizon has turned against it.

13-week
-2.8%
26-week
2.7%
39-week
4.9%
52-week
1.9%
Regime age2 weeks 52-week flips2 52-week boundary2535.45
Constituent trend persistence

Is the index move broadly durable?

Constituent persistence coverage is still building.
Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing0%0 securities
Stage 2 · Advancing25%2 securities
Stage 3 · Distribution13%1 securities
Stage 4 · Declining63%5 securities
Re-acceleration watch0 Transition watch2 Relative strength leaders12% Fair Value repairs0

Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

74/100 mean confidence
Upward expansion
25% 2
Rotation up
0% 0
Deceleration
12% 1
Balance
25% 2
Rotation down
0% 0
Downward expansion
38% 3
Unresolved
0% 0

Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.

Capital rotation

Performance relative to NL Market Structure

Weakening
Relative index 13-week relative trend Starting level
Rotation dashboard Weakening

A rising relative line means this group is compounding faster than NL Market Structure. A falling line means capital has done better in the parent benchmark.

Relative index100.0
13-week trend101.8
4-week trend change-2.24%
Weekly peer rank3 of 10
1 week
0.8 pts relative
4 weeks
-1.7 pts relative
13 weeks
-4.9 pts relative
26 weeks
-6.7 pts relative
52 weeks
-12.6 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Narrow
Advancing
3
Declining
4
Unchanged
1
4-week average 34%
13-week average 42%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility15.1%
Drawdown from 52-week high-5.7%
Positive weeks, last 1346%
Current directional run2 weeks
Turnover versus 13-week norm193%
Breadth impulse-5.2 pts
Cross-section

Return distribution

8 measured
Q1 -1.3% Median -0.1% Q3 0.3%
Average winner3.6%
Average loser-2.0%
Dispersion3.9 pts
Top-five upside share100%
Top-five capital share100%
Capital data coverage100%

Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.

Momentum cycle

30-week persistence

Positive readings show expansion. Negative readings show contraction.

Breadth cycle

Net participation

Advancers less decliners as a percentage of measured constituents.

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence
Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

0 qualified records across 8 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 ERCER Capital N.V.
9.91% 2 NRPNEPI Rockcastle N.V.
0.74% 3 WHAWereldhave N.V.
0.21% 4 ECMPAEurocommercial Properties N.V.
0.00% 5 NSINSI N.V.
-0.24%

Weakest edge

8 NAINew Amsterdam Invest N.V.
-4.52% 7 CTPNVCTP N.V.
-2.20% 6 AGILAgility Capital Holding Inc.
-0.94% 5 NSINSI N.V.
-0.24% 4 ECMPAEurocommercial Properties N.V.
0.00%

Constituent ledger

Sector constituents

All 8 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 ERC ER Capital N.V. AMS 4.96M 2.44 1.24 pts
9.91%
2 NRP NEPI Rockcastle N.V. AMS 5.74B 8.20 0.09 pts
0.74%
3 WHA Wereldhave N.V. AMS 861.01M 18.76 0.03 pts
0.21%
4 ECMPA Eurocommercial Properties N.V. AMS 1.48B 27.65 0.00 pts
0.00%
5 NSI NSI N.V. AMS 328.73M 16.92 -0.03 pts
-0.24%
6 AGIL Agility Capital Holding Inc. AMS 1.51M 2.10 -0.12 pts
-0.94%
7 CTPNV CTP N.V. AMS 6.85B 14.22 -0.28 pts
-2.20%
8 NAI New Amsterdam Invest N.V. AMS 45.34M 8.45 -0.56 pts
-4.52%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context