The weight of trend, participation and relative evidence favours capital protection over new exposure.
33
technical evidence
out of 100
out of 100
Oil & Gas E&P
For the week ending 25 September 2026, Oil & Gas E&P advanced 0.91% with 3 advancing, 3 declining, and 0 unchanged constituents.
- Index level
- 215.86 Index points · base 1,000
- Weekly return
- 0.91%
- Measured companies
- 6 6 in the index universe
- Weekly breadth
- 3 up / 3 down 0 unchanged
- Weekly peer rank
- 2 of 6
Universe country-listed · Equity onlyPrice basis Adjusted weekly closeConstruction Capped equal-weight returns · Weekly rebuild
Explore Energy →
156 completed weeks
Oil & Gas E&P price and trend
Current architecture
Unresolved
2 completed weeks in this state
Trend acceptance
-16.4%
Index versus Trend Line
Persistence
100%
Negative across every horizon
Participation
50%
3 advancing, 3 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
Defensive
Five-pillar map
Trend
21
Breadth
46
Persistence
21
Relative
43
Risk quality
48
What supports the view
- No major confirming factor has secured control.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Breadth remains too narrow or inconsistent for a high-conviction position.
- Constituent persistence remains divided or predominantly negative.
- The group is not yet delivering dependable relative outperformance.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 83 percentage points.
- 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 age2 weeks
Trend gateDown
Fan width9.21%
Fast versus slow change7.08 pts
Above 0%
Below 17%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Negative across every horizon
The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.
13-week
-2.7%
26-week
-37.4%
39-week
-17.6%
52-week
-32.5%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
17%positive
Coherent positive0%
Coherent negative33%
Average horizon agreement79%
Positive horizon share29%
Weakening positives0
Repairing negatives2
6 constituents measured as of 18 Sep 2026. Median trend age is 19 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
83%Stage 4
Stage 1 · Basing0%0 securities
Stage 2 · Advancing0%0 securities
Stage 3 · Distribution17%1 securities
Stage 4 · Declining83%5 securities
Re-acceleration watch0
Transition watch2
Relative strength leaders0%
Fair Value repairs0
Measured as of 25 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
68/100 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
The relative index starts at 100. Above 100 means this group has outperformed Energy 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 index51.3
13-week trend50.1
4-week trend change-1.54%
Weekly peer rank2 of 6
1 week
2.7 pts
relative
4 weeks
5.9 pts
relative
13 weeks
-1.6 pts
relative
26 weeks
-11.9 pts
relative
52 weeks
-19.8 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Balanced
Participation quality
50%
advanced
- Advancing
- 3
- Declining
- 3
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility33.5%
Drawdown from 52-week high-42.7%
Positive weeks, last 1362%
Current directional run5 weeks
Turnover versus 13-week norm145%
Breadth impulse8.3 pts
Cross-section
6 measured
Return distribution
1Below −5%17%
1−5% to −1%17%
2−1% to +1%33%
1+1% to +5%17%
1Above +5%17%
Weekly returns across measured companies. Bars are scaled to the largest group; percentages show each group’s share.
Q1 -1.4%
Median -0.1%
Q3 2.0%
Average winner5.9%
Average loser-4.1%
Dispersion7.2 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 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
−5.9%Weekly index return · zero at centre+5.9%
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 |
|---|---|---|---|---|---|
| 1Oil & Gas MidstreamEnergy | 2.86% | 75% | 3 / 1 | 4 | 25 Sep 2026 |
| 2Oil & Gas E&PEnergy | 0.91% | 50% | 3 / 3 | 6 | 25 Sep 2026 |
| 3Oil & Gas Refining & MarketingEnergy | -0.50% | 31% | 4 / 7 | 13 | 25 Sep 2026 |
| 4Thermal CoalEnergy | -0.62% | 20% | 3 / 10 | 15 | 25 Sep 2026 |
| 5Oil & Gas IntegratedEnergy | -2.27% | 43% | 3 / 4 | 7 | 25 Sep 2026 |
| 6Oil & Gas Equipment & ServicesEnergy | -5.88% | 15% | 2 / 11 | 13 | 25 Sep 2026 |
Hong Kong · Weekly return relationships
Which markets move together?
Compare sectors and industries within Hong Kong over the same 52-week window. Strong positive relationships can mean that apparently different holdings share the same risk.
Closest: Industrials and Consumer Cyclical (0.91; 52 weeks).
11 indexes · 55 qualifying pairsClosest: Drug Manufacturers - Specialty & Generic and Medical Devices (0.85; 52 weeks).
122 indexes · 7381 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 25 Sep 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.
0 qualified records across 6 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 6 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.