Week Ending: 11 September 2026

Sweden SE Industrials Industry

Industrial Distribution

For the week ending 11 September 2026, Industrial Distribution declined 1.62% with 1 advancing, 9 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

70 technical evidence
Index3621.11 1 week-1.62% Breadth10% Members10
Country 🇸🇪 Sweden · SE
Sector Industrials
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 Upward Expansion 14 completed weeks in this state
Trend acceptance 11.0% 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 Build exposure selectively

The evidence is constructive, but security selection and entry discipline still matter.

70 technical evidence
out of 100
Evidence balance

Five-pillar map

Selective
Trend
86
Breadth
30
Persistence
75
Relative
81
Risk quality
91
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.
  • 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 close below the Trend Line at 3,262.82 would weaken the constructive case.
  2. Breadth falling below 45% while the index holds up would signal narrowing leadership.
  3. A turn to negative 13 and 26-week parent-relative performance would remove the rotation edge.

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 Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

State age14 weeks
Trend gateUp
Fan width6.81%
Fast versus slow change-0.74 pts
Above 67% 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
11.0%
26-week
23.5%
39-week
15.3%
52-week
18.7%
Regime age17 weeks 52-week flips9 52-week boundary3051.29
Constituent trend persistence

Is the index move broadly durable?

90% coverage
Coherent positive44%
Coherent negative0%
Average horizon agreement75%
Positive horizon share75%
Weakening positives1
Repairing negatives2

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

Custom stage map

Where constituents sit in the cycle

90% coverage
Stage 1 · Basing22%2 securities
Stage 2 · Advancing44%4 securities
Stage 3 · Distribution33%3 securities
Stage 4 · Declining0%0 securities
Re-acceleration watch0 Transition watch1 Relative strength leaders22% Fair Value repairs2

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

69/100 mean confidence
Upward expansion
56% 5
Rotation up
0% 0
Deceleration
11% 1
Balance
33% 3
Rotation down
0% 0
Downward expansion
0% 0
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 Industrials

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

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

Relative index157.1
13-week trend149.6
4-week trend change4.84%
Weekly peer rank7 of 17
1 week
0.0 pts relative
4 weeks
3.2 pts relative
13 weeks
13.8 pts relative
26 weeks
20.5 pts relative
52 weeks
25.7 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 50%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility19.0%
Drawdown from 52-week high-1.6%
Positive weeks, last 1369%
Current directional run1 week
Turnover versus 13-week norm170%
Breadth impulse-43.8 pts
Cross-section

Return distribution

10 measured
Q1 -3.3% Median -1.7% Q3 -1.3%
Average winner8.6%
Average loser-2.7%
Dispersion3.8 pts
Top-five upside share100%
Top-five capital share94%
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 TURATura Group AB
8.56% 2 FNMFerronordic AB (publ)
-1.04% 3 BEIJ-BBeijer Ref AB (publ)
-1.30% 4 ADDT-BAddtech AB (publ.)
-1.45% 5 BUFABBufab AB (publ)
-1.60%

Weakest edge

10 SALIXSalix Group AB
-7.44% 9 ALLIGO-BAlligo AB (publ)
-3.50% 8 INDTIndutrade AB (publ)
-3.37% 7 MMGR-BMomentum Group AB (publ)
-3.27% 6 OEM-BOEM International AB (publ)
-1.74%

Constituent ledger

Industry constituents

All 10 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 TURA Tura Group AB STO 270.77M 4.82 0.86 pts
8.56%
2 FNM Ferronordic AB (publ) STO 1.40B 95.00 -0.10 pts
-1.04%
3 BEIJ-B Beijer Ref AB (publ) STO 67.79B 137.10 -0.13 pts
-1.30%
4 ADDT-B Addtech AB (publ.) STO 86.28B 325.60 -0.15 pts
-1.45%
5 BUFAB Bufab AB (publ) STO 25.38B 135.00 -0.16 pts
-1.60%
6 OEM-B OEM International AB (publ) STO 23.81B 169.40 -0.17 pts
-1.74%
7 MMGR-B Momentum Group AB (publ) STO 6.60B 136.00 -0.33 pts
-3.27%
8 INDT Indutrade AB (publ) STO 88.02B 241.20 -0.34 pts
-3.37%
9 ALLIGO-B Alligo AB (publ) STO 6.60B 132.20 -0.35 pts
-3.50%
10 SALIX Salix Group AB STO 5.19B 59.70 -0.74 pts
-7.44%

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

Evidence context