Week Ending: 28 August 2026

Greece GR Energy Industry

Oil & Gas Refining & Marketing

For the week ending 28 August 2026, Oil & Gas Refining & Marketing declined 1.21% with 2 advancing, 1 declining, and 1 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Upward Expansion

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

75 technical evidence
Index2918.48 1 week-1.21% Breadth50% Members4
Country 🇬🇷 Greece · GR
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 Upward Expansion 12 completed weeks in this state
Trend acceptance 22.3% Index versus Trend Line
Persistence 100% Positive across every horizon
Participation 50% 2 advancing, 1 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.

75 technical evidence
out of 100
Evidence balance

Five-pillar map

Position
Trend
90
Breadth
56
Persistence
83
Relative
50
Risk quality
94
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.
What restrains conviction
  • The group is not yet delivering dependable relative outperformance.
  • 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 2,386.09 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 age12 weeks
Trend gateUp
Fan width12.95%
Fast versus slow change2.41 pts
Above 100% 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
29.8%
26-week
29.4%
39-week
42.0%
52-week
43.4%
Regime age66 weeks 52-week flips0 52-week boundary2034.74
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive75%
Coherent negative25%
Average horizon agreement100%
Positive horizon share75%
Weakening positives0
Repairing negatives0

4 constituents measured as of 28 Aug 2026. Median trend age is 41 weeks.

Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing0%0 securities
Stage 2 · Advancing50%2 securities
Stage 3 · Distribution25%1 securities
Stage 4 · Declining25%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

How market energy is distributed

79/100 mean confidence
Upward expansion
75% 3
Rotation up
0% 0
Deceleration
0% 0
Balance
0% 0
Rotation down
0% 0
Downward expansion
25% 1
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 Energy

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

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 index100.0
13-week trend100.0
4-week trend change0.00%
Weekly peer rank1 of 1
1 week
0.0 pts relative
4 weeks
0.0 pts relative
13 weeks
0.0 pts relative
26 weeks
0.0 pts relative
52 weeks
0.0 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Balanced
Advancing
2
Declining
1
Unchanged
1
4-week average 75%
13-week average 62%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility16.3%
Drawdown from 52-week high-1.2%
Positive weeks, last 1385%
Current directional run1 week
Turnover versus 13-week norm270%
Breadth impulse-12.5 pts
Cross-section

Return distribution

4 measured
Q1 -1.4% Median 0.1% Q3 0.3%
Average winner0.3%
Average loser-5.5%
Dispersion2.5 pts
Top-five upside share100%
Top-five capital share100%
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?

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 4 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 ELPEHELLENiQ ENERGY Holdings S.A.
0.52% 2 MOHMotor Oil (Hellas) Corinth Refineries S.A.
0.17% 3 ELINElinoil Hellenic Petroleum Company S.A.
0.00% 4 REVOILRevoil S.A.
-5.53%

Weakest edge

4 REVOILRevoil S.A.
-5.53% 3 ELINElinoil Hellenic Petroleum Company S.A.
0.00% 2 MOHMotor Oil (Hellas) Corinth Refineries S.A.
0.17% 1 ELPEHELLENiQ ENERGY Holdings S.A.
0.52%

Constituent ledger

Industry constituents

All 4 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 ELPE HELLENiQ ENERGY Holdings S.A. ATH 4.85B 15.47 0.13 pts
0.52%
2 MOH Motor Oil (Hellas) Corinth Refineries S.A. ATH 6.76B 60.10 0.04 pts
0.17%
3 ELIN Elinoil Hellenic Petroleum Company S.A. ATH 48.37M 2.04 0.00 pts
0.00%
4 REVOIL Revoil S.A. ATH 38.97M 1.80 -1.38 pts
-5.53%

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

Evidence context