Trend, participation and relative evidence are sufficiently aligned for selective exposure.
79
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
United States US Energy Industry
Oil & Gas Midstream
For the week ending 28 August 2026, Oil & Gas Midstream advanced 0.49% with 24 advancing, 31 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.
79
technical evidence
Index3822.62
1 week0.49%
Breadth44%
Members55
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
Upward Expansion
6 completed weeks in this state
Trend acceptance
9.9%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
44%
24 advancing, 31 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
Position
Five-pillar map
Trend
87
Breadth
52
Persistence
93
Relative
80
Risk quality
93
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.
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 age6 weeks
Trend gateUp
Fan width5.07%
Fast versus slow change1.71 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
11.4%
26-week
14.1%
39-week
41.3%
52-week
45.0%
Constituent trend persistence
96% coverage
Is the index move broadly durable?
94%positive
Coherent positive57%
Coherent negative4%
Average horizon agreement87%
Positive horizon share83%
Weakening positives17
Repairing negatives1
53 constituents measured as of 21 Aug 2026. Median trend age is 44 weeks.
Custom stage map
96% coverage
Where constituents sit in the cycle
77%Stage 2
Stage 1 · Basing0%0 securities
Stage 2 · Advancing77%41 securities
Stage 3 · Distribution17%9 securities
Stage 4 · Declining6%3 securities
Re-acceleration watch5
Transition watch4
Relative strength leaders38%
Fair Value repairs0
Measured as of 21 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
76/100 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 index129.1
13-week trend127.1
4-week trend change1.27%
Weekly peer rank2 of 8
1 week
1.6 pts
relative
4 weeks
0.8 pts
relative
13 weeks
6.7 pts
relative
26 weeks
5.7 pts
relative
52 weeks
5.3 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
44%
advanced
- Advancing
- 24
- Declining
- 31
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility17.4%
Drawdown from 52-week high0.0%
Positive weeks, last 1377%
Current directional run3 weeks
Turnover versus 13-week norm93%
Breadth impulse-18.0 pts
Cross-section
55 measured
Return distribution
Q1 -1.3%
Median -0.2%
Q3 1.5%
Average winner3.3%
Average loser-1.6%
Dispersion4.6 pts
Top-five upside share63%
Top-five capital share43%
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?
58out of 100
Mostly positive
Positive company-news scores are spread across much of the measured market.
Evidence quality
49/100 confidence
Coverage before conviction
Qualified companies1527% of measured constituents
Articles1170100% direct company evidence
Publishers253Independent sources represented
Latest evidence29 AugFreshness is weighted in the score
Constructive 67%Balanced 33%Cautious 0%
Price confirms news5
Price disagrees5
Negative news absorbed0
Positive but stretched8
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…
FRO51/100 confidence · 37 direct 61Frontline Ltd. Q2 2026 Earnings Call Summary
LNG36/100 confidence · 75 direct 61Cheniere Energy Stock And 2 Oil And Gas Shares For LNG Supply Disruption
TRGP55/100 confidence · 117 direct 59Targa Resources Extends Growth Runway With New Permian Projects, RBC Says
Narrative risk
Weakest qualified tone
DHT40/100 confidence · 42 direct
50
$DHT Holdings (DHT.US)$ DCA'd up again
MPLX35/100 confidence · 76 direct 53MPLX (MPLX) Could Be 5% Undervalued Following The Solitude Pipeline Approval
ENB52/100 confidence · 128 direct 55Enbridge (ENB) Bets $600 Million on the Permian. Bullish Move or Risky Gamble?
NAT39/100 confidence · 31 direct 56Nordic American Tankers (NAT) Stock Profit Surge Leans On One Off Gain
ET40/100 confidence · 78 direct 57Is Energy Transfer’s US$5.9 Billion Gas Buildout Altering The Investment Case For ET?
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 55 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.