Week Ending: 14 August 2026

Taiwan TW Consumer Defensive Industry

Farm Products

For the week ending 14 August 2026, Farm Products declined 0.30% with 2 advancing, 2 declining, and 0 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.

41 technical evidence
Index1869.19 1 week-0.30% Breadth50% Members4
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 Unresolved 1 completed week in this state
Trend acceptance -4.5% Index versus Trend Line
Persistence 100% Negative across every horizon
Participation 50% 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 Reduce exposure into strength

Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.

41 technical evidence
out of 100
Evidence balance

Five-pillar map

Reduce
Trend
31
Breadth
43
Persistence
12
Relative
69
Risk quality
79
What supports the view
  • 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.
  • Constituent persistence remains divided or predominantly negative.
  • The current 13-week parent-relative trend is weakening.
  • 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 2,459.95, 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 age1 weeks
Trend gateDown
Fan width2.69%
Fast versus slow change1.51 pts
Above 0% Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.

13-week
-0.6%
26-week
-10.3%
39-week
-16.0%
52-week
-19.7%
Regime age70 weeks 52-week flips0 52-week boundary2328.58
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive0%
Coherent negative25%
Average horizon agreement81%
Positive horizon share12%
Weakening positives0
Repairing negatives2

4 constituents measured as of 14 Aug 2026. Median trend age is 50 weeks.

Custom stage map

Where constituents sit in the cycle

Stage Analysis coverage is still building.

Capital rotation

Performance relative to Consumer Defensive

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

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 index79.8
13-week trend78.6
4-week trend change-0.98%
Weekly peer rank1 of 4
1 week
0.9 pts relative
4 weeks
3.0 pts relative
13 weeks
0.6 pts relative
26 weeks
-2.6 pts relative
52 weeks
-7.4 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Balanced
Advancing
2
Declining
2
Unchanged
0
4-week average 50%
13-week average 37%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility18.0%
Drawdown from 52-week high-21.6%
Positive weeks, last 1346%
Current directional run1 week
Turnover versus 13-week norm45%
Breadth impulse14.6 pts
Cross-section

Return distribution

4 measured
Q1 -1.0% Median -0.2% Q3 0.5%
Average winner0.5%
Average loser-1.1%
Dispersion0.8 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?

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 4 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 1235Shin Tai Industry Co., Ltd.
0.54% 2 6936VETNOSTRUM ANIMAL HEALTH CO LTD
0.47% 3 2913Taiwan Tea Corporation
-0.91% 4 6952Dawushan Farm Technology Co., Ltd.
-1.30%

Weakest edge

4 6952Dawushan Farm Technology Co., Ltd.
-1.30% 3 2913Taiwan Tea Corporation
-0.91% 2 6936VETNOSTRUM ANIMAL HEALTH CO LTD
0.47% 1 1235Shin Tai Industry Co., Ltd.
0.54%

Constituent ledger

Industry constituents

All 4 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 1235 Shin Tai Industry Co., Ltd. TAI 1.68B 36.90 0.14 pts
0.54%
2 6936 VETNOSTRUM ANIMAL HEALTH CO LTD TAI 2.33B 32.05 0.12 pts
0.47%
3 2913 Taiwan Tea Corporation TAI 8.61B 10.90 -0.23 pts
-0.91%
4 6952 Dawushan Farm Technology Co., Ltd. TAI 2.55B 37.85 -0.33 pts
-1.30%

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

Evidence context