The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
56
technical evidence
out of 100
out of 100
Software - Application
For the week ending 09 October 2026, Software - Application advanced 1.28% with 121 advancing, 70 declining, and 1 unchanged constituents.
- Index level
- 725.32 Index points · base 1,000
- Weekly return
- 1.28%
- Measured companies
- 192 194 in the index universe
- Weekly breadth
- 121 up / 70 down 1 unchanged
- Weekly peer rank
- 1 of 12
Universe NASDAQ, NYSE · Equity onlyPrice basis Adjusted weekly closeConstruction Capped equal-weight returns · Weekly rebuild
Explore Technology →
156 completed weeks
Software - Application price and trend
Current architecture
Deceleration
4 completed weeks in this state
Trend acceptance
1.1%
Index versus Trend Line
Persistence
75%
Negative regime, horizons divided
Participation
63%
121 advancing, 70 declining
Index Value
Trend Line
Fair Value
Activity Lines
Constructive Transition Defensive
Weekly index closes and the Trend Line. Dashed grey shows the latest Fair Value reference; it is not a historical forecast. Enable the other overlays for more detail.
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
58
Breadth
56
Persistence
38
Relative
70
Risk quality
64
What supports the view
- Participation is broad enough to support the index move.
- Relative performance is improving within its parent hierarchy.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Constituent persistence remains divided or predominantly negative.
- Activity Line energy is decelerating despite the positive Trend gate.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 19 percentage points.
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 age4 weeks
Trend gateUp
Fan width1.79%
Fast versus slow change-3.32 pts
Above 0%
Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Negative regime, horizons divided
The 52-week trend is negative, while shorter horizons remain mixed.
13-week
-0.4%
26-week
12.8%
39-week
-15.0%
52-week
-21.9%
Constituent trend persistence
93% coverage
Is the index move broadly durable?
28%positive
Coherent positive17%
Coherent negative27%
Average horizon agreement77%
Positive horizon share45%
Weakening positives13
Repairing negatives54
179 constituents measured as of 2 Oct 2026. Median trend age is 29 weeks.
Custom stage map
89% coverage
Where constituents sit in the cycle
41%Stage 4
Stage 1 · Basing30%51 securities
Stage 2 · Advancing22%38 securities
Stage 3 · Distribution7%12 securities
Stage 4 · Declining41%69 securities
Re-acceleration watch1
Transition watch33
Relative strength leaders22%
Fair Value repairs46
Measured as of 9 Oct 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 Technology
Relative index
13-week relative trend
Starting level
The relative index starts at 100. Above 100 means this group has outperformed Technology since the first plotted date; below 100 means it has lagged. A rising line can show relative improvement even when both markets are falling.
Relative index72.1
13-week trend72.0
4-week trend change1.89%
Weekly peer rank1 of 12
1 week
2.8 pts
relative
4 weeks
0.0 pts
relative
13 weeks
4.9 pts
relative
26 weeks
3.3 pts
relative
52 weeks
-15.9 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
63%
advanced
- Advancing
- 121
- Declining
- 70
- Unchanged
- 1
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility26.7%
Drawdown from 52-week high-25.0%
Positive weeks, last 1338%
Current directional run1 week
Turnover versus 13-week norm96%
Breadth impulse15.5 pts
Cross-section
192 measured
Return distribution
35Below −5%18%
26−5% to −1%14%
23−1% to +1%12%
39+1% to +5%20%
69Above +5%36%
Weekly returns across measured companies. Bars are scaled to the largest group; percentages show each group’s share.
Q1 -3.2%
Median 2.8%
Q3 6.4%
Average winner6.3%
Average loser-8.0%
Dispersion10.2 pts
Top-five upside share16%
Top-five capital share42%
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 price change
Index price change over 30 weeks, or the available history if shorter. Green above zero; red below.
Breadth cycle
Net participation
Advancers less decliners as a percentage of measured constituents.
Within the same sector
Where are returns broadly supported?
Compare the weekly result with the share of companies advancing.
↑ Companies advancing · 50% marks half of measured companies
−8.2%Weekly index return · zero at centre+8.2%
Compare return with participationHover or focus a marker for the full reading. Select it to open the report.
Markers show weekly return rank. Hover or focus for the name. Fine lines connect separated markers to their actual positions. Up, down and unchanged companies all count in participation.
| Rank / Industry | Weekly return | Advancing share | Up / down | Companies | Week ending |
|---|---|---|---|---|---|
| 1Software - ApplicationTechnology | 1.28% | 63% | 121 / 70 | 192 | 9 Oct 2026 |
| 2Information Technology ServicesTechnology | 1.15% | 62% | 40 / 25 | 65 | 9 Oct 2026 |
| 3Software - InfrastructureTechnology | -0.02% | 58% | 93 / 66 | 159 | 9 Oct 2026 |
| 4SolarTechnology | -1.15% | 33% | 6 / 11 | 18 | 9 Oct 2026 |
| 5Communication EquipmentTechnology | -2.25% | 40% | 16 / 24 | 40 | 9 Oct 2026 |
| 6Consumer ElectronicsTechnology | -3.65% | 23% | 3 / 10 | 13 | 9 Oct 2026 |
| 7Scientific & Technical InstrumentsTechnology | -4.18% | 15% | 4 / 23 | 27 | 9 Oct 2026 |
| 8Electronics & Computer DistributionTechnology | -4.66% | 38% | 3 / 5 | 8 | 9 Oct 2026 |
| 9Computer HardwareTechnology | -5.01% | 14% | 5 / 30 | 36 | 9 Oct 2026 |
| 10Electronic ComponentsTechnology | -5.29% | 19% | 8 / 33 | 42 | 9 Oct 2026 |
| 11SemiconductorsTechnology | -6.72% | 10% | 7 / 60 | 67 | 9 Oct 2026 |
| 12Semiconductor Equipment & MaterialsTechnology | -8.18% | 0% | 0 / 26 | 27 | 9 Oct 2026 |
United States · Weekly return relationships
Which markets move together?
Compare sectors and industries within United States over the same 52-week window. Strong positive relationships can mean that apparently different holdings share the same risk.
Closest: Industrials and Consumer Cyclical (0.86; 52 weeks).
12 indexes · 66 qualifying pairsClosest: Gold and Other Precious Metals & Mining (0.95; 52 weeks).
143 indexes · 10153 qualifying pairs−1 · Opposite0 · No linear link+1 · Together
Read the market at the top against the market at the left. The diagonal compares each index with itself. Up to 10 indexes are shown, ordered by constituent coverage. Select a cell to inspect a pair, or use the selectors for other markets.
Closest to the reference
Pearson correlation of weekly percentage returns through 9 Oct 2026: +1 means moving together, 0 little linear relationship, −1 moving in opposite directions. Requires 39 matching observations for the 52-week comparison and 10 for the recent 13 weeks. Missing weeks are excluded, not filled with zero. Constant series have no defined correlation. These are local-currency, capped equal-weight indexes; sectors and their component industries overlap. A lower correlation does not establish a hedge.
Sector correlations compare broad business groups. Industry correlations reveal closer links within and across sectors. The selectors retain all qualified groups; the matrix shows the ten largest by company coverage.
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.
13 qualified records across 192 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 192 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
131
MASK
3 E Network Technology Group Ltd Class A Ordinary Shares
NASDAQ
4.60M
0.8387
0.00 pts
-0.78%
141
YXT
YXT.COM GROUP HOLDING LIMITED American Depository Shares
NASDAQ
16.26M
2.08
-0.01 pts
-2.80%
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.