The evidence is constructive, but security selection and entry discipline still matter.
68
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
United States US Sector
Energy
For the week ending 28 August 2026, Energy declined 1.08% with 82 advancing, 142 declining, and 0 unchanged constituents. The index is equal weighted and built from NASDAQ, NYSE equities.
Current architecture
Rotation Up
Fast Activity Lines are gaining on the slow pair while price acceptance improves.
68
technical evidence
Index3505.28
1 week-1.08%
Breadth37%
Members224
Country
🇺🇸 United States · US
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
5 completed weeks in this state
Trend acceptance
4.5%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
37%
82 advancing, 142 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
73
Breadth
39
Persistence
84
Relative
68
Risk quality
90
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.
- 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.
Fast Activity Lines are gaining on the slow pair while price acceptance improves.
State age5 weeks
Trend gateUp
Fan width2.87%
Fast versus slow change2.88 pts
Above 83%
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
4.6%
26-week
8.4%
39-week
32.1%
52-week
39.7%
Constituent trend persistence
96% coverage
Is the index move broadly durable?
88%positive
Coherent positive47%
Coherent negative7%
Average horizon agreement83%
Positive horizon share75%
Weakening positives72
Repairing negatives5
214 constituents measured as of 21 Aug 2026. Median trend age is 31 weeks.
Custom stage map
94% coverage
Where constituents sit in the cycle
60%Stage 2
Stage 1 · Basing2%4 securities
Stage 2 · Advancing60%127 securities
Stage 3 · Distribution16%34 securities
Stage 4 · Declining22%46 securities
Re-acceleration watch21
Transition watch14
Relative strength leaders33%
Fair Value repairs3
Measured as of 21 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 US Market Structure
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than US Market Structure. A falling line means capital has done better in the parent benchmark.
Relative index133.1
13-week trend127.4
4-week trend change-0.51%
Weekly peer rank8 of 12
1 week
0.0 pts
relative
4 weeks
1.3 pts
relative
13 weeks
5.7 pts
relative
26 weeks
5.6 pts
relative
52 weeks
36.5 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
37%
advanced
- Advancing
- 82
- Declining
- 142
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility19.7%
Drawdown from 52-week high-2.0%
Positive weeks, last 1354%
Current directional run1 week
Turnover versus 13-week norm86%
Breadth impulse-19.6 pts
Cross-section
224 measured
Return distribution
Q1 -3.2%
Median -1.3%
Q3 1.1%
Average winner2.8%
Average loser-3.3%
Dispersion4.3 pts
Top-five upside share25%
Top-five capital share35%
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.
Industry map
Where sector leadership is forming
Performance, breadth and trend acceptance across every qualified industry.
2/8
positive
Above Trend Line5/863% of industries
Constructive breadth2/8At least half advancing
Median industry-1.52%2.52 pts dispersion
#1
Advancing
Thermal Coal
4.66%
Participation83%
vs Trend2.5%
vs Fair Value30.2%
Members6
#2
Narrowing
Oil & Gas Midstream
0.49%
Participation44%
vs Trend9.9%
vs Fair Value47.0%
Members55
#3
Weakening
Oil & Gas Refining & Marketing
-0.27%
Participation58%
vs Trend15.4%
vs Fair Value49.4%
Members19
#4
Narrowing
Oil & Gas Equipment & Services
-0.93%
Participation39%
vs Trend1.2%
vs Fair Value43.5%
Members49
#5
Weakening
Oil & Gas Drilling
-2.12%
Participation20%
vs Trend-0.7%
vs Fair Value27.9%
Members10
#6
Narrowing
Oil & Gas E&P
-2.21%
Participation28%
vs Trend2.7%
vs Fair Value17.2%
Members60
#7
Weakening
Uranium
-3.20%
Participation14%
vs Trend-5.4%
vs Fair Value30.9%
Members7
#8
Weakening
Oil & Gas Integrated
-3.93%
Participation17%
vs Trend-6.6%
vs Fair Value16.1%
Members18
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
51/100 confidence
Coverage before conviction
Qualified companies6127% of measured constituents
Articles4807100% direct company evidence
Publishers1110Independent sources represented
Latest evidence29 AugFreshness is weighted in the score
Constructive 54%Balanced 44%Cautious 2%
Price confirms news22
Price disagrees22
Negative news absorbed1
Positive but stretched22
Constructive edge
Strongest qualified tone
OKE69/100 confidence · 129 direct
64
Castleark Management LLC Purchases Shares of 34,458 ONEOK, Inc. $OKE
GLNG43/100 confidence · 61 direct 64Should Golar LNG’s FLNG Expansion, Stronger H1 Results and Dividend Hike Require Action Fro…
KRP42/100 confidence · 37 direct 63Is Post‑Acquisition Record Production Guidance Reshaping The Investment Case For Kimbell Ro…
HAL58/100 confidence · 97 direct 62CVX, HAL Stocks Gain — Chevron, Halliburton Reportedly Eye Venezuela Oil Opportunities
SDRL38/100 confidence · 48 direct 621,305,349 Shares in Seadrill Limited $SDRL Purchased by Webs Creek Capital Management LP
Narrative risk
Weakest qualified tone
BTU49/100 confidence · 44 direct
34
UBS Adjusts Peabody Energy Price Target to $27.50 From $26.50, Maintains Neutral Rating
BORR40/100 confidence · 68 direct 47Borr Drilling director buys 200,000 shares, showing strong insider confidence in the stock.
FTK41/100 confidence · 51 direct 47Flotek (FTK) Financial Update: EPS Lands Above Forecast; Trading Move: The Share Price Adds…
AROC40/100 confidence · 53 direct 49Archrock (AROC) Stock Looks Rich On Cash Flow But Fair On Earnings
DHT40/100 confidence · 42 direct 50$DHT Holdings (DHT.US)$ DCA'd up again
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
Sector constituents
Top 100 of 224 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.