Week Ending: 28 August 2026

Argentina AR Sector

Utilities

For the week ending 28 August 2026, Utilities advanced 3.61% with 9 advancing, 3 declining, and 1 unchanged constituents. The index is equal weighted and built from country-listed equities.

Current architecture Downward Expansion

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

57 technical evidence
Index60850.24 1 week3.61% Breadth69% Members13
Country 🇦🇷 Argentina · AR
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 2 completed weeks in this state
Trend acceptance -1.7% Index versus Trend Line
Persistence 50% Positive regime, shorter trend weakening
Participation 69% 9 advancing, 3 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.

57 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
31
Breadth
72
Persistence
71
Relative
57
Risk quality
73
What supports the view
  • Participation is broad enough to support the index move.
  • Constituent trends show positive multi-horizon persistence.
  • Medium-term relative returns and peer standing remain constructive.
What restrains conviction
  • Index trend architecture has not delivered a durable upward expansion.
  • The current 13-week parent-relative trend is weakening.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 50 percentage points.
  • The index is extended well above current Fair Value, increasing chase risk.
  • 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 61,926.56, 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 age2 weeks
Trend gateDown
Fan width2.12%
Fast versus slow change-1.73 pts
Above 17% Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive regime, shorter trend weakening

50% agreement

The long trend remains positive, but the 13-week horizon has turned against it.

13-week
-2.7%
26-week
0.8%
39-week
-9.3%
52-week
28.6%
Regime age104 weeks 52-week flips0 52-week boundary47323.71
Constituent trend persistence

Is the index move broadly durable?

92% coverage
Coherent positive8%
Coherent negative0%
Average horizon agreement54%
Positive horizon share54%
Weakening positives6
Repairing negatives0

12 constituents measured as of 28 Aug 2026. Median trend age is 14 weeks.

Custom stage map

Where constituents sit in the cycle

92% coverage
Stage 1 · Basing0%0 securities
Stage 2 · Advancing8%1 securities
Stage 3 · Distribution33%4 securities
Stage 4 · Declining58%7 securities
Re-acceleration watch0 Transition watch1 Relative strength leaders17% Fair Value repairs0

Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

76/100 mean confidence
Upward expansion
8% 1
Rotation up
8% 1
Deceleration
0% 0
Balance
25% 3
Rotation down
0% 0
Downward expansion
58% 7
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 AR Market Structure

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

A rising relative line means this group is compounding faster than AR Market Structure. A falling line means capital has done better in the parent benchmark.

Relative index111.0
13-week trend115.7
4-week trend change-2.47%
Weekly peer rank1 of 11
1 week
2.2 pts relative
4 weeks
-5.2 pts relative
13 weeks
-9.3 pts relative
26 weeks
-10.0 pts relative
52 weeks
-8.0 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Broad
Advancing
9
Declining
3
Unchanged
1
4-week average 38%
13-week average 46%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility32.5%
Drawdown from 52-week high-12.0%
Positive weeks, last 1338%
Current directional run1 week
Turnover versus 13-week norm162%
Breadth impulse25.0 pts
Cross-section

Return distribution

13 measured
Q1 0.0% Median 3.4% Q3 5.9%
Average winner5.7%
Average loser-1.4%
Dispersion4.5 pts
Top-five upside share77%
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.

Industry map

Where sector leadership is forming

Performance, breadth and trend acceptance across every qualified industry.

2/2 positive
Above Trend Line0/20% of industries
Constructive breadth2/2At least half advancing
Median industry2.98%1.57 pts dispersion
#1 Repairing

Utilities - Regulated Electric

4.55%
Participation67% vs Trend-0.5% vs Fair Value40.3% Members6
#2 Repairing

Utilities - Regulated Gas

1.42%
Participation60% vs Trend-0.4% vs Fair Value6.9% Members5

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 13 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 TRANCompañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.
15.47% 2 SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESP
6.70% 3 DGCU2Distribuidora de Gas Cuyana S.A.
6.09% 4 SBSP3Companhia de Saneamento Básico do Estado de São Paulo - SABESP
5.88% 5 EDNEmpresa Distribuidora y Comercializadora Norte Sociedad Anónima
5.13%

Weakest edge

13 GBANNaturgy BAN, S.A.
-2.78% 12 CGPA2Camuzzi Gas Pampeana S.A.
-0.85% 11 CECO2Central Costanera S.A.
-0.54% 10 NGGNational Grid plc
0.00% 9 ECOGEcogas Inversiones S.A.
1.76%

Constituent ledger

Sector constituents

All 13 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. BUE 1.82T 3,750.00 1.19 pts
15.47%
2 SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP BUE 57.33T 15,600.00 0.52 pts
6.70%
3 DGCU2 Distribuidora de Gas Cuyana S.A. BUE 340.96B 1,655.00 0.47 pts
6.09%
4 SBSP3 Companhia de Saneamento Básico do Estado de São Paulo - SABESP BUE 28.84T 7,830.00 0.45 pts
5.88%
5 EDN Empresa Distribuidora y Comercializadora Norte Sociedad Anónima BUE 1.85T 1,866.00 0.39 pts
5.13%
6 KEP Korea Electric Power Corporation BUE 24.82T 18,660.00 0.30 pts
3.84%
7 CEPU Central Puerto S.A. BUE 3.59T 2,141.00 0.26 pts
3.38%
8 METR MetroGAS S.A. BUE 1.19T 2,340.00 0.22 pts
2.86%
9 ECOG Ecogas Inversiones S.A. BUE 833.10B 2,890.00 0.14 pts
1.76%
10 NGG National Grid plc BUE 118.87T 63,625.00 0.00 pts
0.00%
11 CECO2 Central Costanera S.A. BUE 346.78B 552.00 -0.04 pts
-0.54%
12 CGPA2 Camuzzi Gas Pampeana S.A. BUE 738.22B 1,745.00 -0.07 pts
-0.85%
13 GBAN Naturgy BAN, S.A. BUE 651.08B 1,750.00 -0.21 pts
-2.78%

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

Evidence context