The evidence is constructive, but security selection and entry discipline still matter.
61
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
United States US Basic Materials Industry
Specialty Chemicals
For the week ending 28 August 2026, Specialty Chemicals declined 1.25% with 24 advancing, 32 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Rotation Up
Fast Activity Lines are gaining on the slow pair while price acceptance improves.
61
technical evidence
Index1174.85
1 week-1.25%
Breadth43%
Members56
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
Rotation Up
3 completed weeks in this state
Trend acceptance
0.8%
Index versus Trend Line
Persistence
75%
Positive regime, shorter trend weakening
Participation
43%
24 advancing, 32 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
Selective
Five-pillar map
Trend
65
Breadth
45
Persistence
64
Relative
55
Risk quality
88
What supports the view
- The index remains above a constructive Trend gate.
- Constituent trends show positive multi-horizon persistence.
- Medium-term relative returns and peer standing remain constructive.
What restrains conviction
- Breadth remains too narrow or inconsistent for a high-conviction position.
- The current 13-week parent-relative trend is weakening.
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.
Fast Activity Lines are gaining on the slow pair while price acceptance improves.
State age3 weeks
Trend gateUp
Fan width0.95%
Fast versus slow change1.78 pts
Above 50%
Below 33%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Positive regime, shorter trend weakening
The long trend remains positive, but the 13-week horizon has turned against it.
13-week
-4.1%
26-week
2.1%
39-week
14.3%
52-week
8.5%
Constituent trend persistence
95% coverage
Is the index move broadly durable?
68%positive
Coherent positive28%
Coherent negative17%
Average horizon agreement80%
Positive horizon share62%
Weakening positives15
Repairing negatives4
53 constituents measured as of 28 Aug 2026. Median trend age is 22 weeks.
Custom stage map
93% coverage
Where constituents sit in the cycle
44%Stage 2
Stage 1 · Basing15%8 securities
Stage 2 · Advancing44%23 securities
Stage 3 · Distribution12%6 securities
Stage 4 · Declining29%15 securities
Re-acceleration watch0
Transition watch4
Relative strength leaders31%
Fair Value repairs4
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 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 index64.5
13-week trend66.7
4-week trend change0.71%
Weekly peer rank5 of 13
1 week
0.6 pts
relative
4 weeks
-6.9 pts
relative
13 weeks
1.4 pts
relative
26 weeks
7.3 pts
relative
52 weeks
-13.1 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
43%
advanced
- Advancing
- 24
- Declining
- 32
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility19.2%
Drawdown from 52-week high-4.4%
Positive weeks, last 1331%
Current directional run2 weeks
Turnover versus 13-week norm71%
Breadth impulse-5.5 pts
Cross-section
56 measured
Return distribution
Q1 -3.4%
Median -1.2%
Q3 1.5%
Average winner3.1%
Average loser-4.5%
Dispersion5.4 pts
Top-five upside share61%
Top-five capital share67%
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?
57out of 100
More positive than negative
Positive company scores outnumber negative ones, but the overall score remains close to 50.
Evidence quality
40/100 confidence
Coverage before conviction
Qualified companies916% of measured constituents
Articles450100% direct company evidence
Publishers114Independent sources represented
Latest evidence4 SepFreshness is weighted in the score
Constructive 56%Balanced 44%Cautious 0%
Price confirms news1
Price disagrees3
Negative news absorbed0
Positive but stretched3
Constructive edge
Strongest qualified tone
ESI44/100 confidence · 39 direct
60
Wellington Management Group LLP Trims Holdings in Element Solutions Inc. $ESI
AVNT36/100 confidence · 55 direct 59Man Group plc Purchases Shares of 33,089 Avient Corporation $AVNT
DD44/100 confidence · 74 direct 58Jefferies Adjusts Price Target on DuPont de Nemours to $177 From $59, Maintains Buy Rating
SOLS37/100 confidence · 34 direct 58Jefferies Initiates Solstice Advanced Materials at Buy With $86 Price Target
FF35/100 confidence · 32 direct 58FutureFuel Corp. Plans Quarterly Dividend of $0.01 (NYSE:FF)
Narrative risk
Weakest qualified tone
IFF38/100 confidence · 74 direct
52
International Flavors (IFF) Down 1.3% Since Last Earnings Report: Can It Rebound?
CBT38/100 confidence · 29 direct 53Legal & General Group Plc Purchases New Position in Cabot Corporation $CBT
PPG37/100 confidence · 59 direct 55PPG Industries (PPG) Could Be a Great Choice
LIN36/100 confidence · 54 direct 57Linde price suffers from negative pressures - Forecast today - 01-09-2026
FF35/100 confidence · 32 direct 58FutureFuel Corp. Plans Quarterly Dividend of $0.01 (NYSE:FF)
Only fresh, quality-controlled company evidence is included. Industry and sector context is down-weighted and cannot create a directional group conclusion on its own.
Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 56 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.