The weight of trend, participation and relative evidence favours capital protection over new exposure.
26
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
United States US Consumer Cyclical Industry
Luxury Goods
For the week ending 28 August 2026, Luxury Goods declined 3.13% with 1 advancing, 7 declining, and 1 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.
26
technical evidence
Index1139.83
1 week-3.13%
Breadth11%
Members9
Country
🇺🇸 United States · US
Sector
Consumer Cyclical
Universe
NASDAQ, NYSE
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
2 completed weeks in this state
Trend acceptance
-9.6%
Index versus Trend Line
Persistence
100%
Negative across every horizon
Participation
11%
1 advancing, 7 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
Defensive
Five-pillar map
Trend
22
Breadth
24
Persistence
21
Relative
13
Risk quality
69
What supports the view
- No major confirming factor has secured control.
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 group is not yet delivering dependable relative outperformance.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 76 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 age2 weeks
Trend gateDown
Fan width4.75%
Fast versus slow change-2.21 pts
Above 17%
Below 83%
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
-12.5%
26-week
-14.3%
39-week
-19.5%
52-week
-12.6%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
33%positive
Coherent positive0%
Coherent negative44%
Average horizon agreement81%
Positive horizon share25%
Weakening positives2
Repairing negatives2
9 constituents measured as of 28 Aug 2026. Median trend age is 14 weeks.
Custom stage map
89% coverage
Where constituents sit in the cycle
88%Stage 4
Stage 1 · Basing0%0 securities
Stage 2 · Advancing13%1 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining88%7 securities
Re-acceleration watch0
Transition watch0
Relative strength leaders0%
Fair Value repairs0
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
78/100 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 Cyclical
Relative index
13-week relative trend
Starting level
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 index116.8
13-week trend126.3
4-week trend change-2.07%
Weekly peer rank20 of 23
1 week
-1.4 pts
relative
4 weeks
-7.3 pts
relative
13 weeks
-11.2 pts
relative
26 weeks
-12.4 pts
relative
52 weeks
-4.0 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
11%
advanced
- Advancing
- 1
- Declining
- 7
- Unchanged
- 1
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility27.0%
Drawdown from 52-week high-22.1%
Positive weeks, last 1331%
Current directional run3 weeks
Turnover versus 13-week norm95%
Breadth impulse-28.7 pts
Cross-section
9 measured
Return distribution
Q1 -3.6%
Median -1.1%
Q3 -0.9%
Average winner1.6%
Average loser-4.3%
Dispersion5.4 pts
Top-five upside share100%
Top-five capital share97%
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?
60out of 100
Mostly positive
Positive company-news scores are spread across much of the measured market.
Evidence quality
48/100 confidence
Coverage before conviction
Qualified companies333% of measured constituents
Articles238100% direct company evidence
Publishers51Independent sources represented
Latest evidence30 AugFreshness is weighted in the score
Constructive 67%Balanced 33%Cautious 0%
Price confirms news0
Price disagrees1
Negative news absorbed0
Positive but stretched2
Constructive edge
Strongest qualified tone
MOV48/100 confidence · 31 direct
67
Movado Group (MOV) Stock Ignores Profit Strength As Margin Durability Looms
TPR64/100 confidence · 154 direct 59Is Tapestry’s Margin Push Amid Kate Spade Losses Altering The Investment Case For TPR?
CPRI35/100 confidence · 53 direct 55Why Did Capri Holdings (CPRI) Shares Move Today?
Narrative risk
Weakest qualified tone
CPRI35/100 confidence · 53 direct
55
Why Did Capri Holdings (CPRI) Shares Move Today?
TPR64/100 confidence · 154 direct 59Is Tapestry’s Margin Push Amid Kate Spade Losses Altering The Investment Case For TPR?
MOV48/100 confidence · 31 direct 67Movado Group (MOV) Stock Ignores Profit Strength As Margin Durability Looms
Only fresh, quality-controlled company evidence is included. Industry and sector context is down-weighted and cannot create a directional group conclusion on its own.
Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 9 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.