Week Ending: 11 September 2026

Sweden SE Communication Services Industry

Entertainment

For the week ending 11 September 2026, Entertainment declined 0.39% with 2 advancing, 2 declining, and 1 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Deceleration

The positive Trend gate remains, but fan energy or fast-line momentum is cooling.

52 technical evidence
Index149.07 1 week-0.39% Breadth40% Members5
Country 🇸🇪 Sweden · SE
Sector Communication Services
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 Deceleration 3 completed weeks in this state
Trend acceptance 1.3% Index versus Trend Line
Persistence 75% Positive regime, shorter trend weakening
Participation 40% 2 advancing, 2 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.

52 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
69
Breadth
41
Persistence
38
Relative
39
Risk quality
73
What supports the view
  • The index remains above a constructive Trend gate.
What restrains conviction
  • 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.
  • Activity Line energy is decelerating despite the positive Trend gate.
  • The index is extended well above current Fair Value, increasing chase risk.
  • 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 147.15, 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 Deceleration

The positive Trend gate remains, but fan energy or fast-line momentum is cooling.

State age3 weeks
Trend gateUp
Fan width1.14%
Fast versus slow change-1.15 pts
Above 17% Below 50%
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
-5.0%
26-week
6.1%
39-week
23.7%
52-week
7.3%
Regime age83 weeks 52-week flips0 52-week boundary138.95
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive0%
Coherent negative0%
Average horizon agreement65%
Positive horizon share45%
Weakening positives1
Repairing negatives1

5 constituents measured as of 11 Sep 2026. Median trend age is 21 weeks.

Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing60%3 securities
Stage 2 · Advancing20%1 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining20%1 securities
Re-acceleration watch0 Transition watch0 Relative strength leaders0% Fair Value repairs3

Measured as of 11 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

77/100 mean confidence
Upward expansion
20% 1
Rotation up
0% 0
Deceleration
40% 2
Balance
20% 1
Rotation down
0% 0
Downward expansion
20% 1
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 Communication Services

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

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

Relative index105.2
13-week trend108.1
4-week trend change-2.28%
Weekly peer rank4 of 5
1 week
-1.0 pts relative
4 weeks
0.9 pts relative
13 weeks
-4.9 pts relative
26 weeks
-5.7 pts relative
52 weeks
12.5 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Narrow
Advancing
2
Declining
2
Unchanged
1
4-week average 40%
13-week average 42%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility34.3%
Drawdown from 52-week high-12.5%
Positive weeks, last 1338%
Current directional run3 weeks
Turnover versus 13-week norm147%
Breadth impulse-1.7 pts
Cross-section

Return distribution

5 measured
Q1 -2.6% Median 0.0% Q3 2.4%
Average winner2.6%
Average loser-3.6%
Dispersion2.9 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 5 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 VPLAY-BViaplay Group AB (publ)
2.84% 2 VPLAY-AViaplay Group AB (publ)
2.38% 3 MOMENTMoment Group AB
0.00% 4 ACASTAcast AB (publ)
-2.57% 5 GBKGoodbye Kansas Group AB (publ)
-4.60%

Weakest edge

5 GBKGoodbye Kansas Group AB (publ)
-4.60% 4 ACASTAcast AB (publ)
-2.57% 3 MOMENTMoment Group AB
0.00% 2 VPLAY-AViaplay Group AB (publ)
2.38% 1 VPLAY-BViaplay Group AB (publ)
2.84%

Constituent ledger

Industry constituents

All 5 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 VPLAY-B Viaplay Group AB (publ) STO 6.23B 1.38 0.57 pts
2.84%
2 VPLAY-A Viaplay Group AB (publ) STO 12.05B 2.58 0.48 pts
2.38%
3 MOMENT Moment Group AB STO 124.55M 5.14 0.00 pts
0.00%
4 ACAST Acast AB (publ) STO 6.42B 34.10 -0.51 pts
-2.57%
5 GBK Goodbye Kansas Group AB (publ) STO 57.66M 1.53 -0.92 pts
-4.60%

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

Evidence context