Week Ending: 14 August 2026

Taiwan TW Healthcare Industry

Medical Distribution

For the week ending 14 August 2026, Medical Distribution advanced 0.92% 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.

49 technical evidence
Index1601.18 1 week0.92% Breadth67% Members3
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 Downward Expansion 3 completed weeks in this state
Trend acceptance -1.4% Index versus Trend Line
Persistence 75% Negative regime, shorter trend repairing
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.

Current posture Hold and wait for confirmation

The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.

49 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
30
Breadth
62
Persistence
42
Relative
52
Risk quality
86
What supports the view
  • Participation is broad enough to support the index move.
What restrains conviction
  • Index trend architecture has not delivered a durable upward expansion.
  • Constituent persistence remains divided or predominantly negative.
  • The group is not yet delivering dependable relative outperformance.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 67 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 1,883.79, 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 Downward Expansion

The activity fan is bearishly ordered below the Trend Line with price accepted beneath it.

State age3 weeks
Trend gateDown
Fan width1.33%
Fast versus slow change-0.45 pts
Above 0% Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative regime, shorter trend repairing

75% agreement

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

13-week
3.4%
26-week
-3.3%
39-week
-13.7%
52-week
-16.3%
Regime age32 weeks 52-week flips3 52-week boundary1912.17
Constituent trend persistence

Is the index move broadly durable?

100% coverage
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 27 weeks.

Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing33%1 securities
Stage 2 · Advancing0%0 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining67%2 securities
Re-acceleration watch0 Transition watch2 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

How market energy is distributed

73/100 mean confidence
Upward expansion
33% 1
Rotation up
0% 0
Deceleration
0% 0
Balance
33% 1
Rotation down
0% 0
Downward expansion
33% 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 Healthcare

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

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 index82.7
13-week trend83.1
4-week trend change0.25%
Weekly peer rank2 of 5
1 week
0.6 pts relative
4 weeks
2.0 pts relative
13 weeks
0.4 pts relative
26 weeks
1.5 pts relative
52 weeks
-17.0 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Broad
Advancing
2
Declining
1
Unchanged
0
4-week average 58%
13-week average 56%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility11.8%
Drawdown from 52-week high-18.8%
Positive weeks, last 1354%
Current directional run2 weeks
Turnover versus 13-week norm84%
Breadth impulse11.1 pts
Cross-section

Return distribution

3 measured
Q1 0.4% Median 1.3% Q3 1.6%
Average winner1.6%
Average loser-0.4%
Dispersion1.0 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 3 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 4164CHC Healthcare Group
1.92% 2 4104Excelsior Medical Co., Ltd.
1.28% 3 3716Cenra Inc.
-0.43%

Weakest edge

3 3716Cenra Inc.
-0.43% 2 4104Excelsior Medical Co., Ltd.
1.28% 1 4164CHC Healthcare Group
1.92%

Constituent ledger

Industry constituents

All 3 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 4164 CHC Healthcare Group TAI 5.16B 26.60 0.64 pts
1.92%
2 4104 Excelsior Medical Co., Ltd. TAI 13.43B 71.30 0.43 pts
1.28%
3 3716 Cenra Inc. TAI 5.11B 34.80 -0.14 pts
-0.43%

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

Evidence context