The evidence is constructive, but security selection and entry discipline still matter.
60
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
Norway NO Sector
Financial Services
For the week ending 28 August 2026, Financial Services advanced 0.41% with 22 advancing, 21 declining, and 3 unchanged constituents. The index is equal weighted and built from country-listed equities.
Current architecture
Rotation Up
Fast Activity Lines are gaining on the slow pair while price acceptance improves.
60
technical evidence
Index2407.88
1 week0.41%
Breadth48%
Members46
Country
🇳🇴 Norway · NO
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 Up
3 completed weeks in this state
Trend acceptance
0.5%
Index versus Trend Line
Persistence
75%
Positive regime, shorter trend weakening
Participation
48%
22 advancing, 21 declining
Investor positioning lens
Is the evidence ready for capital?
A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.
Evidence balance
Selective
Five-pillar map
Trend
60
Breadth
48
Persistence
69
Relative
47
Risk quality
95
What supports the view
- Constituent trends show positive multi-horizon persistence.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Breadth remains too narrow or inconsistent for a high-conviction position.
- The group is not yet delivering dependable relative outperformance.
- The index is extended well above current Fair Value, increasing chase risk.
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.
Fast Activity Lines are gaining on the slow pair while price acceptance improves.
State age3 weeks
Trend gateUp
Fan width0.25%
Fast versus slow change0.57 pts
Above 50%
Below 17%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Positive regime, shorter trend weakening
The long trend remains positive, but the 13-week horizon has turned against it.
13-week
-0.7%
26-week
1.5%
39-week
7.0%
52-week
7.6%
Constituent trend persistence
96% coverage
Is the index move broadly durable?
75%positive
Coherent positive32%
Coherent negative14%
Average horizon agreement81%
Positive horizon share64%
Weakening positives15
Repairing negatives2
44 constituents measured as of 28 Aug 2026. Median trend age is 106 weeks.
Custom stage map
93% coverage
Where constituents sit in the cycle
49%Stage 3
Stage 1 · Basing0%0 securities
Stage 2 · Advancing26%11 securities
Stage 3 · Distribution49%21 securities
Stage 4 · Declining26%11 securities
Re-acceleration watch2
Transition watch9
Relative strength leaders14%
Fair Value repairs0
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
73/100 mean confidence
How market energy is distributed
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 NO Market Structure
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than NO Market Structure. A falling line means capital has done better in the parent benchmark.
Relative index154.5
13-week trend156.1
4-week trend change0.44%
Weekly peer rank7 of 11
1 week
0.0 pts
relative
4 weeks
-1.2 pts
relative
13 weeks
0.2 pts
relative
26 weeks
-0.4 pts
relative
52 weeks
2.6 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Balanced
Participation quality
48%
advanced
- Advancing
- 22
- Declining
- 21
- Unchanged
- 3
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility6.6%
Drawdown from 52-week high-3.4%
Positive weeks, last 1354%
Current directional run1 week
Turnover versus 13-week norm158%
Breadth impulse3.1 pts
Cross-section
46 measured
Return distribution
Q1 -1.3%
Median 0.0%
Q3 1.7%
Average winner2.8%
Average loser-2.0%
Dispersion3.4 pts
Top-five upside share57%
Top-five capital share82%
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.
Industry map
Where sector leadership is forming
Performance, breadth and trend acceptance across every qualified industry.
2/4
positive
Above Trend Line2/450% of industries
Constructive breadth2/4At least half advancing
Median industry-0.56%1.48 pts dispersion
#1
Repairing
Asset Management
1.09%
Participation50%
vs Trend-3.7%
vs Fair Value-3.9%
Members4
#2
Transition
Banks - Regional
0.71%
Participation47%
vs Trend1.3%
vs Fair Value30.1%
Members32
#3
Narrowing
Credit Services
-1.82%
Participation0%
vs Trend0.3%
vs Fair Value48.9%
Members3
#4
Weakening
Capital Markets
-2.24%
Participation67%
vs Trend-10.8%
vs Fair Value-42.1%
Members3
News and narrative
Does company news confirm the market tape?
Sentiment evidence is still developing
Qualified company-level news coverage is not yet broad enough to influence the group view.
0 qualified records across 46 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
All 46 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.