The evidence is constructive, but security selection and entry discipline still matter.
63
technical evidence
out of 100
out of 100
Week Ending: 14 August 2026
Taiwan TW Healthcare Industry
Medical Devices
For the week ending 14 August 2026, Medical Devices advanced 2.51% with 8 advancing, 1 declining, and 1 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Balance
Directional pressure is compressed and neither side has durable control.
63
technical evidence
Index1152.52
1 week2.51%
Breadth80%
Members10
Country
🇹🇼 Taiwan · TW
Sector
Healthcare
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
Balance
1 completed week in this state
Trend acceptance
0.4%
Index versus Trend Line
Persistence
75%
Positive regime, shorter trend weakening
Participation
80%
8 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
Selective
Five-pillar map
Trend
51
Breadth
63
Persistence
54
Relative
82
Risk quality
92
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.
- 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.
Directional pressure is compressed and neither side has durable control.
State age1 weeks
Trend gateMixed
Fan width1.18%
Fast versus slow change-1.07 pts
Above 50%
Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Positive regime, shorter trend weakening
The long trend remains positive, but the 13-week horizon has turned against it.
13-week
-1.5%
26-week
1.3%
39-week
7.7%
52-week
10.1%
Constituent trend persistence
90% coverage
Is the index move broadly durable?
56%positive
Coherent positive33%
Coherent negative33%
Average horizon agreement83%
Positive horizon share56%
Weakening positives2
Repairing negatives1
9 constituents measured as of 14 Aug 2026. Median trend age is 18 weeks.
Custom stage map
Where constituents sit in the cycle
Stage Analysis coverage is still building.
Capital rotation
Performance relative to Healthcare
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Healthcare. A falling line means capital has done better in the parent benchmark.
Relative index112.7
13-week trend113.1
4-week trend change-0.65%
Weekly peer rank1 of 5
1 week
2.2 pts
relative
4 weeks
-0.1 pts
relative
13 weeks
-4.5 pts
relative
26 weeks
6.1 pts
relative
52 weeks
9.3 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
80%
advanced
- Advancing
- 8
- Declining
- 1
- Unchanged
- 1
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility15.4%
Drawdown from 52-week high-4.5%
Positive weeks, last 1354%
Current directional run2 weeks
Turnover versus 13-week norm75%
Breadth impulse36.7 pts
Cross-section
10 measured
Return distribution
Q1 0.4%
Median 2.7%
Q3 4.7%
Average winner3.6%
Average loser-3.5%
Dispersion3.1 pts
Top-five upside share89%
Top-five capital share88%
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 10 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 10 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.