Week Ending: 11 September 2026

Sweden SE Consumer Cyclical Industry

Internet Retail

For the week ending 11 September 2026, Internet Retail declined 2.20% with 1 advancing, 9 declining, and 0 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.

66 technical evidence
Index279.15 1 week-2.20% Breadth10% Members10
Country 🇸🇪 Sweden · SE
Sector Consumer Cyclical
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 1 completed week in this state
Trend acceptance 11.1% Index versus Trend Line
Persistence 100% Positive across every horizon
Participation 10% 1 advancing, 9 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 Wait for re-acceleration

Headline strength is not yet confirmed by the current Activity Line energy and constituent trend mix.

66 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
86
Breadth
28
Persistence
62
Relative
83
Risk quality
80
What supports the view
  • The index remains above a constructive Trend gate.
  • Constituent trends show positive multi-horizon persistence.
  • Relative performance is improving within its parent hierarchy.
What restrains conviction
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • Activity Line energy is decelerating despite the positive Trend gate.
  • 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 278.86, 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 age1 weeks
Trend gateUp
Fan width6.51%
Fast versus slow change-1.58 pts
Above 33% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.

13-week
11.3%
26-week
22.6%
39-week
21.3%
52-week
16.1%
Regime age14 weeks 52-week flips3 52-week boundary240.39
Constituent trend persistence

Is the index move broadly durable?

70% coverage
Coherent positive43%
Coherent negative29%
Average horizon agreement86%
Positive horizon share64%
Weakening positives1
Repairing negatives1

7 constituents measured as of 11 Sep 2026. Median trend age is 25 weeks.

Custom stage map

Where constituents sit in the cycle

70% coverage
Stage 1 · Basing14%1 securities
Stage 2 · Advancing57%4 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining29%2 securities
Re-acceleration watch0 Transition watch1 Relative strength leaders57% Fair Value repairs1

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

78/100 mean confidence
Upward expansion
57% 4
Rotation up
0% 0
Deceleration
14% 1
Balance
0% 0
Rotation down
0% 0
Downward expansion
29% 2
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 Consumer Cyclical

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

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

Relative index65.5
13-week trend64.0
4-week trend change3.11%
Weekly peer rank4 of 10
1 week
0.2 pts relative
4 weeks
3.5 pts relative
13 weeks
7.1 pts relative
26 weeks
16.7 pts relative
52 weeks
18.5 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Narrow
Advancing
1
Declining
9
Unchanged
0
4-week average 45%
13-week average 46%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility22.6%
Drawdown from 52-week high-3.5%
Positive weeks, last 1362%
Current directional run1 week
Turnover versus 13-week norm124%
Breadth impulse-39.3 pts
Cross-section

Return distribution

10 measured
Q1 -7.9% Median -2.6% Q3 -1.6%
Average winner38.7%
Average loser-5.2%
Dispersion13.8 pts
Top-five upside share100%
Top-five capital share84%
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 10 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 VETTVetted Assets AB
38.70% 2 GULDGuldbrev Holding AB (publ)
-1.16% 3 ELLOSEllos Holding AB (publ)
-1.54% 4 BHGBHG Group AB (publ)
-1.74% 5 VUXENVuxen Group AB
-1.79%

Weakest edge

10 BUYSweden Buyersclub AB
-13.77% 9 DSNODesenio Group AB (publ)
-9.96% 8 BBROOMNew Bubbleroom Sweden AB (publ)
-9.09% 7 CDONCDON AB
-4.48% 6 MEDSMeds Apotek AB
-3.49%

Constituent ledger

Industry constituents

All 10 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 VETT Vetted Assets AB STO 350.38M 6.20 2.50 pts
38.70%
2 GULD Guldbrev Holding AB (publ) STO 361.15M 17.05 -0.12 pts
-1.16%
3 ELLOS Ellos Holding AB (publ) STO 1.44B 57.50 -0.15 pts
-1.54%
4 BHG BHG Group AB (publ) STO 3.58B 19.79 -0.17 pts
-1.74%
5 VUXEN Vuxen Group AB STO 305.76M 27.50 -0.18 pts
-1.79%
6 MEDS Meds Apotek AB STO 469.88M 24.90 -0.35 pts
-3.49%
7 CDON CDON AB STO 513.67M 44.80 -0.45 pts
-4.48%
8 BBROOM New Bubbleroom Sweden AB (publ) STO 171.00M 11.00 -0.91 pts
-9.09%
9 DSNO Desenio Group AB (publ) STO 313.07M 0.1085 -1.00 pts
-9.96%
10 BUY Sweden Buyersclub AB STO 98.28M 5.95 -1.38 pts
-13.77%

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

Evidence context