The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
51
technical evidence
out of 100
out of 100
Week Ending: 14 August 2026
Taiwan TW Consumer Defensive Industry
Beverages - Non-Alcoholic
For the week ending 14 August 2026, Beverages - Non-Alcoholic declined 0.67% with 2 advancing, 1 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Downward Expansion
The activity fan is bearishly ordered below the Trend Line with price accepted beneath it.
51
technical evidence
Index1291.39
1 week-0.67%
Breadth67%
Members3
Country
🇹🇼 Taiwan · TW
Sector
Consumer Defensive
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
Downward Expansion
1 completed week in this state
Trend acceptance
-2.3%
Index versus Trend Line
Persistence
100%
Negative across every horizon
Participation
67%
2 advancing, 1 declining
Investor positioning lens
Is the evidence ready for capital?
A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.
Evidence balance
Wait
Five-pillar map
Trend
35
Breadth
58
Persistence
42
Relative
62
Risk quality
85
What supports the view
- Participation is broad enough to support the index move.
- Medium-term relative returns and peer standing remain constructive.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Constituent persistence remains divided or predominantly negative.
- The current 13-week parent-relative trend is weakening.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 67 percentage points.
- Positive contribution is concentrated in a small leadership cohort.
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.
The activity fan is bearishly ordered below the Trend Line with price accepted beneath it.
State age1 weeks
Trend gateDown
Fan width1.39%
Fast versus slow change-0.77 pts
Above 17%
Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Negative across every horizon
The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.
13-week
-2.2%
26-week
-5.9%
39-week
-4.3%
52-week
-7.6%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
33%positive
Coherent positive33%
Coherent negative33%
Average horizon agreement92%
Positive horizon share42%
Weakening positives0
Repairing negatives1
3 constituents measured as of 14 Aug 2026. Median trend age is 43 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
67%Stage 4
Stage 1 · Basing0%0 securities
Stage 2 · Advancing0%0 securities
Stage 3 · Distribution33%1 securities
Stage 4 · Declining67%2 securities
Re-acceleration watch0
Transition watch1
Relative strength leaders0%
Fair Value repairs0
Measured as of 14 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
77/100 mean confidence
How market energy is distributed
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 Defensive
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Consumer Defensive. A falling line means capital has done better in the parent benchmark.
Relative index110.5
13-week trend110.5
4-week trend change0.14%
Weekly peer rank2 of 4
1 week
0.6 pts
relative
4 weeks
0.0 pts
relative
13 weeks
-0.9 pts
relative
26 weeks
1.8 pts
relative
52 weeks
4.7 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
67%
advanced
- Advancing
- 2
- Declining
- 1
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility15.5%
Drawdown from 52-week high-14.4%
Positive weeks, last 1338%
Current directional run1 week
Turnover versus 13-week norm63%
Breadth impulse19.4 pts
Cross-section
3 measured
Return distribution
Q1 -1.8%
Median 1.4%
Q3 1.5%
Average winner1.5%
Average loser-5.1%
Dispersion3.1 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?
Sentiment evidence is still developing
Qualified company-level news coverage is not yet broad enough to influence the group view.
0 qualified records across 3 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 3 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.