The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
49
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
Brazil BR Energy Industry
Oil & Gas E&P
For the week ending 28 August 2026, Oil & Gas E&P declined 3.16% with 2 advancing, 7 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Unresolved
The Activity Lines, Trend Line and price acceptance remain genuinely mixed.
49
technical evidence
Index2829.33
1 week-3.16%
Breadth22%
Members9
Country
🇧🇷 Brazil · BR
Sector
Energy
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
Unresolved
10 completed weeks in this state
Trend acceptance
-0.7%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
22%
2 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
Wait
Five-pillar map
Trend
51
Breadth
37
Persistence
72
Relative
15
Risk quality
76
What supports the view
- Constituent trends show positive multi-horizon persistence.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Breadth remains too narrow or inconsistent for a high-conviction position.
- The group is not yet delivering dependable relative outperformance.
- 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 Lines, Trend Line and price acceptance remain genuinely mixed.
State age10 weeks
Trend gateDown
Fan width2.37%
Fast versus slow change4.44 pts
Above 50%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Positive across every horizon
The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.
13-week
0.8%
26-week
2.4%
39-week
18.0%
52-week
11.1%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
67%positive
Coherent positive44%
Coherent negative11%
Average horizon agreement89%
Positive horizon share67%
Weakening positives2
Repairing negatives0
9 constituents measured as of 28 Aug 2026. Median trend age is 26 weeks.
Custom stage map
89% coverage
Where constituents sit in the cycle
75%Stage 2
Stage 1 · Basing13%1 securities
Stage 2 · Advancing75%6 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining13%1 securities
Re-acceleration watch0
Transition watch0
Relative strength leaders50%
Fair Value repairs0
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
75/100 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 Energy
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Energy. A falling line means capital has done better in the parent benchmark.
Relative index68.4
13-week trend68.6
4-week trend change-0.30%
Weekly peer rank5 of 5
1 week
-2.8 pts
relative
4 weeks
0.0 pts
relative
13 weeks
-1.4 pts
relative
26 weeks
-0.5 pts
relative
52 weeks
-12.9 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
22%
advanced
- Advancing
- 2
- Declining
- 7
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility25.9%
Drawdown from 52-week high-15.1%
Positive weeks, last 1362%
Current directional run1 week
Turnover versus 13-week norm157%
Breadth impulse-32.4 pts
Cross-section
9 measured
Return distribution
Q1 -3.7%
Median -2.8%
Q3 -0.5%
Average winner1.5%
Average loser-4.5%
Dispersion3.9 pts
Top-five upside share100%
Top-five capital share99%
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?
Sentiment evidence is still developing
Qualified company-level news coverage is not yet broad enough to influence the group view.
0 qualified records across 9 measured constituents.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.