The evidence is constructive, but security selection and entry discipline still matter.
64
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
United States US Consumer Defensive Industry
Food Distribution
For the week ending 28 August 2026, Food Distribution declined 1.49% with 2 advancing, 7 declining, and 0 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.
64
technical evidence
Index2197.28
1 week-1.49%
Breadth22%
Members10
Country
🇺🇸 United States · US
Sector
Consumer Defensive
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
Upward Expansion
3 completed weeks in this state
Trend acceptance
6.9%
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
Selective
Five-pillar map
Trend
81
Breadth
37
Persistence
64
Relative
59
Risk quality
94
What supports the view
- The index remains above a constructive Trend gate.
- Constituent trends show positive multi-horizon persistence.
- Relative performance is improving within its parent hierarchy.
What restrains conviction
- Breadth remains too narrow or inconsistent for a high-conviction position.
- The index is extended well above current Fair Value, increasing chase risk.
- 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 fan is positively ordered above a rising Trend Line with price accepted above it.
State age3 weeks
Trend gateUp
Fan width4.59%
Fast versus slow change0.71 pts
Above 67%
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
7.0%
26-week
9.6%
39-week
15.1%
52-week
20.4%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
67%positive
Coherent positive22%
Coherent negative11%
Average horizon agreement75%
Positive horizon share64%
Weakening positives2
Repairing negatives1
9 constituents measured as of 28 Aug 2026. Median trend age is 39 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
56%Stage 2
Stage 1 · Basing22%2 securities
Stage 2 · Advancing56%5 securities
Stage 3 · Distribution11%1 securities
Stage 4 · Declining11%1 securities
Re-acceleration watch0
Transition watch1
Relative strength leaders22%
Fair Value repairs1
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
74/100 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 Consumer Defensive
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Consumer Defensive. A falling line means capital has done better in the parent benchmark.
Relative index186.5
13-week trend181.9
4-week trend change2.62%
Weekly peer rank10 of 12
1 week
-1.1 pts
relative
4 weeks
1.9 pts
relative
13 weeks
7.5 pts
relative
26 weeks
15.6 pts
relative
52 weeks
33.6 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 volatility15.3%
Drawdown from 52-week high-1.5%
Positive weeks, last 1354%
Current directional run1 week
Turnover versus 13-week norm63%
Breadth impulse-31.1 pts
Cross-section
9 measured
Return distribution
Q1 -3.9%
Median -2.6%
Q3 -1.6%
Average winner5.3%
Average loser-3.4%
Dispersion3.8 pts
Top-five upside share100%
Top-five capital share96%
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
42/100 confidence
Coverage before conviction
Qualified companies444% of measured constituents
Articles359100% direct company evidence
Publishers72Independent sources represented
Latest evidence31 AugFreshness is weighted in the score
Constructive 75%Balanced 25%Cautious 0%
Price confirms news1
Price disagrees2
Negative news absorbed0
Positive but stretched2
Constructive edge
Strongest qualified tone
SYY58/100 confidence · 136 direct
60
D.E. Shaw Sees Value in Sysco (SYY) as AI and Restaurant Depot Offer New Growth Opportuniti…
USFD37/100 confidence · 76 direct 58US Foods Holding Corp. $USFD Shares Purchased by Wellington Management Group LLP
CHEF36/100 confidence · 65 direct 58Chefs' Warehouse (CHEF) Down 0.9% Since Last Earnings Report: Can It Rebound?
PFGC38/100 confidence · 82 direct 52Performance Food Group Company to Participate in the Barclays 19th Annual Global Consumer C…
Narrative risk
Weakest qualified tone
PFGC38/100 confidence · 82 direct
52
Performance Food Group Company to Participate in the Barclays 19th Annual Global Consumer C…
CHEF36/100 confidence · 65 direct 58Chefs' Warehouse (CHEF) Down 0.9% Since Last Earnings Report: Can It Rebound?
USFD37/100 confidence · 76 direct 58US Foods Holding Corp. $USFD Shares Purchased by Wellington Management Group LLP
SYY58/100 confidence · 136 direct 60D.E. Shaw Sees Value in Sysco (SYY) as AI and Restaurant Depot Offer New Growth Opportuniti…
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 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.