Headline strength is not yet confirmed by the current Activity Line energy and constituent trend mix.
76
technical evidence
out of 100
out of 100
Energy
For the week ending 09 October 2026, Energy advanced 1.84% with 162 advancing, 56 declining, and 1 unchanged constituents.
- Index level
- 3,540.35 Index points · base 1,000
- Weekly return
- 1.84%
- Measured companies
- 219 220 in the index universe
- Weekly breadth
- 162 up / 56 down 1 unchanged
- Weekly peer rank
- 2 of 12
Universe NASDAQ, NYSE · Equity onlyPrice basis Adjusted weekly closeConstruction Capped equal-weight returns · Weekly rebuild
156 completed weeks
Energy price and trend
Current architecture
Deceleration
2 completed weeks in this state
Trend acceptance
1.5%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
74%
162 advancing, 56 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
Wait
Five-pillar map
Trend
68
Breadth
72
Persistence
75
Relative
95
Risk quality
88
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.
- Relative performance is improving within its parent hierarchy.
What restrains conviction
- Activity Line energy is decelerating despite the positive Trend gate.
- The index is extended well above current Fair Value, increasing chase risk.
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 positive Trend gate remains, but fan energy or fast-line momentum is cooling.
State age2 weeks
Trend gateUp
Fan width2.07%
Fast versus slow change-2.29 pts
Above 33%
Below 33%
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
6.7%
26-week
2.8%
39-week
29.3%
52-week
42.2%
Constituent trend persistence
97% coverage
Is the index move broadly durable?
81%positive
Coherent positive40%
Coherent negative12%
Average horizon agreement82%
Positive horizon share67%
Weakening positives33
Repairing negatives8
212 constituents measured as of 2 Oct 2026. Median trend age is 36 weeks.
Custom stage map
95% coverage
Where constituents sit in the cycle
48%Stage 2
Stage 1 · Basing5%10 securities
Stage 2 · Advancing48%99 securities
Stage 3 · Distribution15%31 securities
Stage 4 · Declining33%68 securities
Re-acceleration watch3
Transition watch27
Relative strength leaders37%
Fair Value repairs5
Measured as of 9 Oct 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
79/100 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 US Market Structure
Relative index
13-week relative trend
Starting level
The relative index starts at 100. Above 100 means this group has outperformed US Market Structure 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 index126.8
13-week trend120.3
4-week trend change4.22%
Weekly peer rank2 of 12
1 week
2.8 pts
relative
4 weeks
-0.1 pts
relative
13 weeks
14.1 pts
relative
26 weeks
4.6 pts
relative
52 weeks
45.7 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
74%
advanced
- Advancing
- 162
- Declining
- 56
- Unchanged
- 1
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility19.3%
Drawdown from 52-week high-4.8%
Positive weeks, last 1354%
Current directional run1 week
Turnover versus 13-week norm98%
Breadth impulse20.9 pts
Cross-section
219 measured
Return distribution
13Below −5%6%
30−5% to −1%14%
31−1% to +1%14%
106+1% to +5%48%
39Above +5%18%
Weekly returns across measured companies. Bars are scaled to the largest group; percentages show each group’s share.
Q1 -0.1%
Median 2.1%
Q3 4.0%
Average winner3.8%
Average loser-4.0%
Dispersion5.2 pts
Top-five upside share15%
Top-five capital share34%
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.
Industry map
Where sector leadership is forming
Performance, breadth and trend acceptance across every qualified industry.
6/8
positive
Above Trend Line4/850% of industries
Constructive breadth7/8At least half advancing
Median industry1.95%1.97 pts dispersion
#1
Repairing
Oil & Gas Drilling
5.55%
Participation90%
vs Trend-6.1%
vs Fair Value20.3%
Members10
#2
Advancing
Oil & Gas Integrated
4.14%
Participation88%
vs Trend6.0%
vs Fair Value36.0%
Members17
#3
Advancing
Oil & Gas E&P
2.82%
Participation88%
vs Trend0.9%
vs Fair Value15.5%
Members60
#4
Advancing
Oil & Gas Refining & Marketing
2.79%
Participation78%
vs Trend16.6%
vs Fair Value56.2%
Members18
#5
Advancing
Oil & Gas Midstream
1.10%
Participation72%
vs Trend6.5%
vs Fair Value47.7%
Members54
#6
Repairing
Thermal Coal
0.65%
Participation67%
vs Trend-6.4%
vs Fair Value14.6%
Members6
#7
Weakening
Oil & Gas Equipment & Services
-0.05%
Participation53%
vs Trend-6.6%
vs Fair Value30.9%
Members47
#8
Weakening
Uranium
-0.41%
Participation43%
vs Trend-17.5%
vs Fair Value7.0%
Members7
Industry participation
Where are returns broadly supported?
Compare the weekly result with the share of companies advancing.
↑ Companies advancing · 50% marks half of measured companies
−5.6%Weekly index return · zero at centre+5.6%
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.
United States · Weekly return relationships
Which markets move together?
Compare sectors and industries within United States over the same 52-week window. Strong positive relationships can mean that apparently different holdings share the same risk.
Closest: Industrials and Consumer Cyclical (0.86; 52 weeks).
12 indexes · 66 qualifying pairsClosest: Gold and Other Precious Metals & Mining (0.95; 52 weeks).
143 indexes · 10153 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 9 Oct 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.
15 qualified records across 219 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
Top 100 of 219 shown, 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.