Week Ending: 28 August 2026

Austria AT Sector

Energy

For the week ending 28 August 2026, Energy declined 0.29% with 15 advancing, 15 declining, and 0 unchanged constituents. The index is equal weighted and built from country-listed equities.

Current architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

77 technical evidence
Index3331.94 1 week-0.29% Breadth50% Members30
Country 🇦🇹 Austria · AT
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 Upward Expansion 5 completed weeks in this state
Trend acceptance 8.9% Index versus Trend Line
Persistence 100% Positive across every horizon
Participation 50% 15 advancing, 15 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 Positioning window open

Trend, participation and relative evidence are sufficiently aligned for selective exposure.

77 technical evidence
out of 100
Evidence balance

Five-pillar map

Position
Trend
86
Breadth
55
Persistence
100
Relative
55
Risk quality
91
What supports the view
  • The index remains above a constructive Trend gate.
  • Participation is broad enough to support the index move.
  • Constituent trends show positive multi-horizon persistence.
  • Relative performance is improving within its parent hierarchy.
What restrains conviction
  • 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 close below the Trend Line at 3,058.53 would weaken the constructive case.
  2. Breadth falling below 45% while the index holds up would signal narrowing leadership.
  3. A turn to negative 13 and 26-week parent-relative performance would remove the rotation edge.

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 Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

State age5 weeks
Trend gateUp
Fan width4.90%
Fast versus slow change1.93 pts
Above 83% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.

13-week
10.5%
26-week
17.8%
39-week
42.1%
52-week
52.6%
Regime age61 weeks 52-week flips0 52-week boundary2183.64
Constituent trend persistence

Is the index move broadly durable?

93% coverage
Coherent positive79%
Coherent negative4%
Average horizon agreement93%
Positive horizon share89%
Weakening positives4
Repairing negatives0

28 constituents measured as of 28 Aug 2026. Median trend age is 32 weeks.

Custom stage map

Where constituents sit in the cycle

90% coverage
Stage 1 · Basing0%0 securities
Stage 2 · Advancing74%20 securities
Stage 3 · Distribution15%4 securities
Stage 4 · Declining11%3 securities
Re-acceleration watch1 Transition watch0 Relative strength leaders22% 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

69/100 mean confidence
Upward expansion
63% 17
Rotation up
7% 2
Deceleration
0% 0
Balance
15% 4
Rotation down
0% 0
Downward expansion
15% 4
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 AT Market Structure

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

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

Relative index127.2
13-week trend122.3
4-week trend change0.15%
Weekly peer rank10 of 11
1 week
-1.2 pts relative
4 weeks
3.4 pts relative
13 weeks
7.3 pts relative
26 weeks
9.8 pts relative
52 weeks
34.9 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Balanced
Advancing
15
Declining
15
Unchanged
0
4-week average 59%
13-week average 56%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility20.5%
Drawdown from 52-week high-0.3%
Positive weeks, last 1354%
Current directional run1 week
Turnover versus 13-week norm125%
Breadth impulse-6.9 pts
Cross-section

Return distribution

30 measured
Q1 -3.1% Median -0.3% Q3 1.8%
Average winner2.8%
Average loser-3.4%
Dispersion4.1 pts
Top-five upside share72%
Top-five capital share56%
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.

3/5 positive
Above Trend Line5/5100% of industries
Constructive breadth3/5At least half advancing
Median industry0.28%3.12 pts dispersion
#1 Advancing

Oil & Gas Refining & Marketing

3.77%
Participation75% vs Trend26.5% vs Fair Value62.9% Members4
#2 Advancing

Oil & Gas Midstream

2.68%
Participation100% vs Trend6.2% vs Fair Value42.2% Members5
#3 Advancing

Oil & Gas Equipment & Services

0.28%
Participation63% vs Trend1.7% vs Fair Value50.2% Members8
#4 Narrowing

Oil & Gas Integrated

-3.34%
Participation14% vs Trend9.9% vs Fair Value62.0% Members7
#5 Narrowing

Oil & Gas E&P

-4.02%
Participation0% vs Trend6.7% vs Fair Value18.7% 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 30 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 PSXCPhillips 66
14.25% 2 WMBThe Williams Companies, Inc.
6.52% 3 UECUranium Energy Corp.
4.09% 4 KMIKinder Morgan, Inc.
2.95% 5 GTTGaztransport & Technigaz SA
2.72%

Weakest edge

30 ENIEni S.p.A.
-5.99% 29 REPRepsol, S.A.
-5.54% 28 FANGDiamondback Energy, Inc.
-5.34% 27 XOMExxon Mobil Corporation
-5.08% 26 EOGREOG Resources, Inc.
-4.83%

Constituent ledger

Sector constituents

All 30 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 PSXC Phillips 66 VIE 83.75B 209.60 0.48 pts
14.25%
2 WMB The Williams Companies, Inc. VIE 78.53B 64.00 0.22 pts
6.52%
3 UEC Uranium Energy Corp. VIE 5.24B 10.94 0.14 pts
4.09%
4 KMI Kinder Morgan, Inc. VIE 61.19B 27.23 0.10 pts
2.95%
5 GTT Gaztransport & Technigaz SA VIE 7.84B 211.60 0.09 pts
2.72%
6 HAL Halliburton Company VIE 26.29B 30.90 0.08 pts
2.45%
7 OKE ONEOK, Inc. VIE 51.70B 81.96 0.07 pts
2.25%
8 MPC Marathon Petroleum Corporation VIE 88.80B 316.60 0.06 pts
1.90%
9 VLO Valero Energy Corporation VIE 87.24B 302.20 0.06 pts
1.68%
10 TRMD TORM plc VIE 2.90B 27.86 0.04 pts
1.09%
11 SBO SBO AG VIE 492.48M 30.40 0.03 pts
0.83%
12 PECN PetroChina Company Limited VIE 203.70B 1.12 0.02 pts
0.72%
13 VPK Koninklijke Vopak N.V. VIE 5.52B 47.92 0.02 pts
0.59%
14 TEEN Technip Energies N.V. VIE 5.28B 30.00 0.00 pts
0.07%
15 BKR Baker Hughes Company VIE 53.74B 53.58 0.00 pts
0.04%
16 SPM3 Saipem SpA VIE 8.90B 4.48 -0.02 pts
-0.71%
17 SBMO SBM Offshore N.V. VIE 5.80B 34.20 -0.05 pts
-1.50%
18 CVX Chevron Corporation VIE 346.14B 173.54 -0.05 pts
-1.52%
19 FTI TechnipFMC plc VIE 25.99B 65.30 -0.06 pts
-1.69%
20 OMV OMV Aktiengesellschaft VIE 22.34B 67.20 -0.08 pts
-2.47%
21 RLI Reliance Industries Limited VIE 154.27B 46.00 -0.09 pts
-2.75%
22 COPH ConocoPhillips VIE 135.78B 112.38 -0.09 pts
-2.80%
23 OXYP Occidental Petroleum Corporation VIE 51.23B 50.97 -0.11 pts
-3.17%
24 FP TotalEnergies SE VIE 167.14B 74.80 -0.12 pts
-3.51%
25 DVN Devon Energy Corporation VIE 45.22B 40.46 -0.13 pts
-3.96%
26 EOGR EOG Resources, Inc. VIE 65.09B 124.15 -0.16 pts
-4.83%
27 XOM Exxon Mobil Corporation VIE 495.74B 134.88 -0.17 pts
-5.08%
28 FANG Diamondback Energy, Inc. VIE 47.92B 170.94 -0.18 pts
-5.34%
29 REP Repsol, S.A. VIE 29.73B 26.59 -0.18 pts
-5.54%
30 ENI Eni S.p.A. VIE 67.12B 22.83 -0.20 pts
-5.99%

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

Evidence context