The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
58
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
United States US Technology Industry
Electronic Components
For the week ending 28 August 2026, Electronic Components declined 1.74% with 14 advancing, 28 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Deceleration
The positive Trend gate remains, but fan energy or fast-line momentum is cooling.
58
technical evidence
Index2649.54
1 week-1.74%
Breadth33%
Members42
Country
🇺🇸 United States · US
Sector
Technology
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
Deceleration
8 completed weeks in this state
Trend acceptance
-2.9%
Index versus Trend Line
Persistence
75%
Positive regime, shorter trend weakening
Participation
33%
14 advancing, 28 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
66
Breadth
37
Persistence
59
Relative
71
Risk quality
70
What supports the view
- The index remains above a constructive Trend gate.
- Constituent trends show positive multi-horizon persistence.
- Medium-term relative returns and peer standing remain constructive.
What restrains conviction
- Breadth remains too narrow or inconsistent for a high-conviction position.
- The current 13-week parent-relative trend is weakening.
- Activity Line energy is decelerating despite the positive Trend gate.
- The index is extended well above current Fair Value, increasing chase risk.
- 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 positive Trend gate remains, but fan energy or fast-line momentum is cooling.
State age8 weeks
Trend gateUp
Fan width3.94%
Fast versus slow change-1.07 pts
Above 33%
Below 67%
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
-15.5%
26-week
6.6%
39-week
19.9%
52-week
29.0%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
71%positive
Coherent positive12%
Coherent negative14%
Average horizon agreement76%
Positive horizon share57%
Weakening positives23
Repairing negatives2
42 constituents measured as of 21 Aug 2026. Median trend age is 48 weeks.
Custom stage map
98% coverage
Where constituents sit in the cycle
46%Stage 2
Stage 1 · Basing5%2 securities
Stage 2 · Advancing46%19 securities
Stage 3 · Distribution17%7 securities
Stage 4 · Declining32%13 securities
Re-acceleration watch0
Transition watch3
Relative strength leaders10%
Fair Value repairs1
Measured as of 21 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
70/100 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 Technology
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Technology. A falling line means capital has done better in the parent benchmark.
Relative index178.5
13-week trend191.5
4-week trend change-0.85%
Weekly peer rank5 of 12
1 week
-1.0 pts
relative
4 weeks
-2.3 pts
relative
13 weeks
-6.5 pts
relative
26 weeks
-2.4 pts
relative
52 weeks
30.2 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
33%
advanced
- Advancing
- 14
- Declining
- 28
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility29.7%
Drawdown from 52-week high-17.0%
Positive weeks, last 1331%
Current directional run2 weeks
Turnover versus 13-week norm62%
Breadth impulse-7.3 pts
Cross-section
42 measured
Return distribution
Q1 -3.3%
Median -1.5%
Q3 0.3%
Average winner3.8%
Average loser-4.4%
Dispersion6.7 pts
Top-five upside share85%
Top-five capital share77%
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?
57out of 100
More positive than negative
Positive company scores outnumber negative ones, but the overall score remains close to 50.
Evidence quality
46/100 confidence
Coverage before conviction
Qualified companies1024% of measured constituents
Articles696100% direct company evidence
Publishers180Independent sources represented
Latest evidence29 AugFreshness is weighted in the score
Constructive 50%Balanced 50%Cautious 0%
Price confirms news0
Price disagrees9
Negative news absorbed0
Positive but stretched4
Constructive edge
Strongest qualified tone
TTMI54/100 confidence · 80 direct
62
TTMI vs. AMKR: Which Semiconductor Stock Should You Buy Now?
CLS42/100 confidence · 81 direct 59The Market and UBS Saw Celestica’s $3 Billion Raise Very Differently. Here’s Who I Think Is…
FN52/100 confidence · 87 direct 58Fabrinet (FN) Stock Looks Fully Priced Following Its 312% 5 Year Run
SANM43/100 confidence · 51 direct 58Sanmina (SANM): 3 Reasons We Love This Stock
TEL36/100 confidence · 42 direct 58TE Connectivity (NYSE:TEL): A Dividend Quality Pick for Reliable Income
Narrative risk
Weakest qualified tone
OSIS52/100 confidence · 67 direct
50
OSI Systems (OSIS) Posted Record Cash Flow and Backlog but Revenue Missed Estimates
PLXS40/100 confidence · 70 direct 56Plexus (PLXS) Up 1.4% Since Last Earnings Report: Can It Continue?
JBL42/100 confidence · 78 direct 56Jabil (JBL) Stock Looks Undervalued On Cash Flow And Earnings
GLW43/100 confidence · 91 direct 56Corning (GLW) Up 23.2% Since Last Earnings Report: Can It Continue?
LYTS46/100 confidence · 49 direct 57LSI (LYTS) Grew Sales 51%. Is Royston Masking Slower Organic Growth?
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 42 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.