The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
56
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
United States US Energy Industry
Oil & Gas Integrated
For the week ending 28 August 2026, Oil & Gas Integrated declined 3.93% with 3 advancing, 15 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.
56
technical evidence
Index2692.84
1 week-3.93%
Breadth17%
Members18
Country
🇺🇸 United States · US
Sector
Energy
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
11 completed weeks in this state
Trend acceptance
-6.6%
Index versus Trend Line
Persistence
50%
Positive regime, shorter trend weakening
Participation
17%
3 advancing, 15 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
46
Breadth
35
Persistence
94
Relative
50
Risk quality
74
What supports the view
- Constituent trends show positive multi-horizon persistence.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Breadth remains too narrow or inconsistent for a high-conviction position.
- The group is not yet delivering dependable relative outperformance.
- 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 Lines, Trend Line and price acceptance remain genuinely mixed.
State age11 weeks
Trend gateDown
Fan width3.34%
Fast versus slow change1.50 pts
Above 33%
Below 33%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
50% agreement
Positive regime, shorter trend weakening
The long trend remains positive, but the 13-week horizon has turned against it.
13-week
-6.5%
26-week
-6.2%
39-week
13.4%
52-week
16.2%
Constituent trend persistence
94% coverage
Is the index move broadly durable?
88%positive
Coherent positive59%
Coherent negative0%
Average horizon agreement84%
Positive horizon share84%
Weakening positives3
Repairing negatives2
17 constituents measured as of 21 Aug 2026. Median trend age is 39 weeks.
Custom stage map
94% coverage
Where constituents sit in the cycle
82%Stage 2
Stage 1 · Basing6%1 securities
Stage 2 · Advancing82%14 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining12%2 securities
Re-acceleration watch3
Transition watch1
Relative strength leaders35%
Fair Value repairs1
Measured as of 21 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
73/100 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 Energy
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Energy. A falling line means capital has done better in the parent benchmark.
Relative index88.6
13-week trend93.6
4-week trend change-2.45%
Weekly peer rank8 of 8
1 week
-2.8 pts
relative
4 weeks
-10.9 pts
relative
13 weeks
-11.1 pts
relative
26 weeks
-14.6 pts
relative
52 weeks
-23.6 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
17%
advanced
- Advancing
- 3
- Declining
- 15
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility24.1%
Drawdown from 52-week high-19.0%
Positive weeks, last 1346%
Current directional run1 week
Turnover versus 13-week norm88%
Breadth impulse-40.3 pts
Cross-section
18 measured
Return distribution
Q1 -4.9%
Median -3.7%
Q3 -1.7%
Average winner1.2%
Average loser-5.0%
Dispersion5.0 pts
Top-five upside share100%
Top-five capital share73%
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?
56out of 100
More positive than negative
Positive company scores outnumber negative ones, but the overall score remains close to 50.
Evidence quality
45/100 confidence
Coverage before conviction
Qualified companies844% of measured constituents
Articles698100% direct company evidence
Publishers134Independent sources represented
Latest evidence29 AugFreshness is weighted in the score
Constructive 25%Balanced 75%Cautious 0%
Price confirms news0
Price disagrees6
Negative news absorbed0
Positive but stretched2
Constructive edge
Strongest qualified tone
SU54/100 confidence · 94 direct
60
Man Group plc Buys Shares of 1,922,906 Suncor Energy Inc. $SU
CVX53/100 confidence · 177 direct 58Chevron's Microsoft Data Center Deal Was a Bigger Story Than Its Earnings. Here's Why.
CVE54/100 confidence · 62 direct 57Cenovus (CVE) Enters the Ranks of the World’s Largest Oil and Gas Producers
NFG39/100 confidence · 51 direct 57Beacon Pointe Advisors LLC Acquires New Holdings in National Fuel Gas Company $NFG
VIVK35/100 confidence · 36 direct 57Vivakor raises 2026 crude oil marketing outlook to $3.5 billion
Narrative risk
Weakest qualified tone
XOM48/100 confidence · 140 direct
52
ExxonMobil Holdings (XOM) Fined Over Scottish Gas Leaks And Revamps Inspection Standards
TTE35/100 confidence · 63 direct 54TotalEnergies (ENXTPA:TTE) Is Expanding Its European Renewables Business
EQNR38/100 confidence · 75 direct 54Equinor and Partners Plan to Pursue High-Impact NCS Exploration
VIVK35/100 confidence · 36 direct 57Vivakor raises 2026 crude oil marketing outlook to $3.5 billion
NFG39/100 confidence · 51 direct 57Beacon Pointe Advisors LLC Acquires New Holdings in National Fuel Gas Company $NFG
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 18 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.