Headline strength is not yet confirmed by the current Activity Line energy and constituent trend mix.
63
technical evidence
out of 100
out of 100
Week Ending: 4 September 2026
United States US Basic Materials Industry
Agricultural Inputs
For the week ending 04 September 2026, Agricultural Inputs advanced 6.14% with 11 advancing, 1 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.
63
technical evidence
Index1356.87
1 week6.14%
Breadth92%
Members12
Country
🇺🇸 United States · US
Sector
Basic Materials
Universe
NASDAQ, NYSE
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
7 completed weeks in this state
Trend acceptance
4.8%
Index versus Trend Line
Persistence
25%
Negative regime, shorter trend repairing
Participation
92%
11 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.
Evidence balance
Wait
Five-pillar map
Trend
50
Breadth
73
Persistence
60
Relative
65
Risk quality
85
What supports the view
- 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
- Index trend architecture has not delivered a durable upward expansion.
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 age7 weeks
Trend gateMixed
Fan width2.69%
Fast versus slow change4.21 pts
Above 50%
Below 33%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
25% agreement
Negative regime, shorter trend repairing
The long trend remains negative, but shorter-horizon repair is now visible.
13-week
9.6%
26-week
1.5%
39-week
11.0%
52-week
-4.1%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
42%positive
Coherent positive33%
Coherent negative8%
Average horizon agreement75%
Positive horizon share62%
Weakening positives0
Repairing negatives4
12 constituents measured as of 4 Sep 2026. Median trend age is 30 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
42%Stage 2
Stage 1 · Basing17%2 securities
Stage 2 · Advancing42%5 securities
Stage 3 · Distribution8%1 securities
Stage 4 · Declining33%4 securities
Re-acceleration watch1
Transition watch0
Relative strength leaders42%
Fair Value repairs2
Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
76/100 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 Basic Materials
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Basic Materials. A falling line means capital has done better in the parent benchmark.
Relative index62.7
13-week trend59.7
4-week trend change0.41%
Weekly peer rank1 of 13
1 week
5.9 pts
relative
4 weeks
10.1 pts
relative
13 weeks
8.2 pts
relative
26 weeks
0.7 pts
relative
52 weeks
-24.5 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
92%
advanced
- Advancing
- 11
- Declining
- 1
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility25.8%
Drawdown from 52-week high-3.5%
Positive weeks, last 1354%
Current directional run1 week
Turnover versus 13-week norm117%
Breadth impulse41.0 pts
Cross-section
12 measured
Return distribution
Q1 4.8%
Median 5.9%
Q3 7.8%
Average winner6.8%
Average loser-1.6%
Dispersion3.8 pts
Top-five upside share61%
Top-five capital share95%
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.
1 qualified records across 12 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 12 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.