Week Ending: 18 September 2026

Thailand TH Consumer Cyclical Industry

Luxury Goods

For the week ending 18 September 2026, Luxury Goods advanced 0.69% with 2 advancing, 2 declining, and 2 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Unresolved

The Activity Lines, Trend Line and price acceptance remain genuinely mixed.

55 technical evidence
Index979.32 1 week0.69% Breadth33% Members6
Country 🇹🇭 Thailand · TH
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 Unresolved 5 completed weeks in this state
Trend acceptance 3.7% Index versus Trend Line
Persistence 50% Negative regime, shorter trend repairing
Participation 33% 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.

55 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
46
Breadth
37
Persistence
73
Relative
58
Risk quality
91
What supports the view
  • Constituent trends show positive multi-horizon persistence.
  • Medium-term relative returns and peer standing remain constructive.
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 current 13-week parent-relative trend is weakening.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 20 percentage points.
  • 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 1,237.26, 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 Unresolved

The Activity Lines, Trend Line and price acceptance remain genuinely mixed.

State age5 weeks
Trend gateMixed
Fan width3.02%
Fast versus slow change3.22 pts
Above 83% Below 17%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative regime, shorter trend repairing

50% agreement

The long trend remains negative, but shorter-horizon repair is now visible.

13-week
4.2%
26-week
3.8%
39-week
-3.1%
52-week
-3.1%
Regime age104 weeks 52-week flips0 52-week boundary1011.15
Constituent trend persistence

Is the index move broadly durable?

83% coverage
Coherent positive40%
Coherent negative20%
Average horizon agreement90%
Positive horizon share70%
Weakening positives0
Repairing negatives0

5 constituents measured as of 18 Sep 2026. Median trend age is 6 weeks.

Custom stage map

Where constituents sit in the cycle

83% coverage
Stage 1 · Basing80%4 securities
Stage 2 · Advancing0%0 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining20%1 securities
Re-acceleration watch0 Transition watch1 Relative strength leaders20% Fair Value repairs2

Measured as of 18 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

72/100 mean confidence
Upward expansion
60% 3
Rotation up
0% 0
Deceleration
0% 0
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 Consumer Cyclical

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

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 index78.8
13-week trend75.2
4-week trend change-0.61%
Weekly peer rank6 of 17
1 week
0.9 pts relative
4 weeks
4.7 pts relative
13 weeks
0.9 pts relative
26 weeks
-2.8 pts relative
52 weeks
-0.2 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
2
4-week average 37%
13-week average 41%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility15.2%
Drawdown from 52-week high-7.2%
Positive weeks, last 1354%
Current directional run2 weeks
Turnover versus 13-week norm107%
Breadth impulse-8.3 pts
Cross-section

Return distribution

6 measured
Q1 -0.4% Median 0.0% Q3 1.1%
Average winner2.6%
Average loser-0.6%
Dispersion1.6 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 6 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 LPGOLD13Laopu Gold Co., Ltd.
3.80% 2 AURAAurora Design Public Company Limited
1.48% 3 JUBILEJubilee Enterprise Public Company Limited
0.00% 4 TANTanachira Retail Corporation Public Company Limited
0.00% 5 LVMH01LVMH Moët Hennessy - Louis Vuitton, Société Européenne
-0.51%

Weakest edge

6 PDJPranda Jewelry Public Company Limited
-0.64% 5 LVMH01LVMH Moët Hennessy - Louis Vuitton, Société Européenne
-0.51% 4 TANTanachira Retail Corporation Public Company Limited
0.00% 3 JUBILEJubilee Enterprise Public Company Limited
0.00% 2 AURAAurora Design Public Company Limited
1.48%

Constituent ledger

Industry constituents

All 6 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 LPGOLD13 Laopu Gold Co., Ltd. SET 289.86M 1.64 0.63 pts
3.80%
2 AURA Aurora Design Public Company Limited SET 18.33B 13.70 0.25 pts
1.48%
3 JUBILE Jubilee Enterprise Public Company Limited SET 1.36B 7.80 0.00 pts
0.00%
4 TAN Tanachira Retail Corporation Public Company Limited SET 1.21B 4.04 0.00 pts
0.00%
5 LVMH01 LVMH Moët Hennessy - Louis Vuitton, Société Européenne SET 4.83B 9.80 -0.08 pts
-0.51%
6 PDJ Pranda Jewelry Public Company Limited SET 919.04M 1.55 -0.11 pts
-0.64%

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

Evidence context