Week Ending: 11 September 2026

Sweden SE Technology Industry

Electronic Components

For the week ending 11 September 2026, Electronic Components advanced 1.57% with 5 advancing, 3 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.

70 technical evidence
Index2237.11 1 week1.57% Breadth63% Members8
Country 🇸🇪 Sweden · SE
Sector Technology
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 12 completed weeks in this state
Trend acceptance 6.0% Index versus Trend Line
Persistence 75% Positive regime, shorter trend weakening
Participation 63% 5 advancing, 3 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.

70 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
73
Breadth
52
Persistence
67
Relative
100
Risk quality
68
What supports the view
  • The index remains above a constructive Trend gate.
  • Constituent trends show positive multi-horizon persistence.
  • Medium-term relative returns and peer standing remain constructive.
What restrains conviction
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • The current 13-week parent-relative trend is weakening.
  • 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 2,110.20, 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 age12 weeks
Trend gateUp
Fan width2.21%
Fast versus slow change0.79 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
-6.4%
26-week
30.6%
39-week
18.6%
52-week
27.3%
Regime age87 weeks 52-week flips0 52-week boundary1756.74
Constituent trend persistence

Is the index move broadly durable?

88% coverage
Coherent positive14%
Coherent negative14%
Average horizon agreement79%
Positive horizon share64%
Weakening positives5
Repairing negatives0

7 constituents measured as of 4 Sep 2026. Median trend age is 24 weeks.

Custom stage map

Where constituents sit in the cycle

88% coverage
Stage 1 · Basing0%0 securities
Stage 2 · Advancing71%5 securities
Stage 3 · Distribution14%1 securities
Stage 4 · Declining14%1 securities
Re-acceleration watch1 Transition watch0 Relative strength leaders14% 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

80/100 mean confidence
Upward expansion
0% 0
Rotation up
0% 0
Deceleration
71% 5
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 Technology

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

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

Relative index205.4
13-week trend193.1
4-week trend change-1.42%
Weekly peer rank1 of 9
1 week
3.1 pts relative
4 weeks
9.8 pts relative
13 weeks
3.1 pts relative
26 weeks
27.5 pts relative
52 weeks
41.1 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Broad
Advancing
5
Declining
3
Unchanged
0
4-week average 44%
13-week average 42%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility29.9%
Drawdown from 52-week high-15.4%
Positive weeks, last 1346%
Current directional run3 weeks
Turnover versus 13-week norm274%
Breadth impulse21.9 pts
Cross-section

Return distribution

8 measured
Q1 -1.6% Median 2.7% Q3 6.1%
Average winner7.7%
Average loser-8.7%
Dispersion10.8 pts
Top-five upside share100%
Top-five capital share99%
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 APRTECAPR Technologies AB
18.81% 2 UNIBAPUnibap Space Solutions AB (publ)
9.45% 3 NCABNCAB Group AB (publ)
4.93% 4 LIGRLightning Group AB
2.80% 5 HANZAHanza AB (publ)
2.55%

Weakest edge

8 ACCONAcconeer AB (publ)
-21.26% 7 ACUVIAcuvi AB
-3.86% 6 INISS-BInission AB (publ)
-0.87% 5 HANZAHanza AB (publ)
2.55% 4 LIGRLightning Group AB
2.80%

Constituent ledger

Industry constituents

All 8 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 APRTEC APR Technologies AB STO 652.58M 25.90 2.35 pts
18.81%
2 UNIBAP Unibap Space Solutions AB (publ) STO 91.60M 9.61 1.18 pts
9.45%
3 NCAB NCAB Group AB (publ) STO 14.86B 85.10 0.62 pts
4.93%
4 LIGR Lightning Group AB STO 43.13M 1.10 0.35 pts
2.80%
5 HANZA Hanza AB (publ) STO 9.16B 152.80 0.32 pts
2.55%
6 INISS-B Inission AB (publ) STO 1.64B 68.20 -0.11 pts
-0.87%
7 ACUVI Acuvi AB STO 281.85M 7.97 -0.48 pts
-3.86%
8 ACCON Acconeer AB (publ) STO 1.25B 12.52 -2.66 pts
-21.26%

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

Evidence context