Trend, participation and relative evidence are sufficiently aligned for selective exposure.
80
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
United States US Energy Industry
Oil & Gas Refining & Marketing
For the week ending 28 August 2026, Oil & Gas Refining & Marketing declined 0.27% with 11 advancing, 8 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.
80
technical evidence
Index2749.27
1 week-0.27%
Breadth58%
Members19
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
7 completed weeks in this state
Trend acceptance
15.4%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
58%
11 advancing, 8 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
90
Breadth
57
Persistence
84
Relative
86
Risk quality
87
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
- 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 age7 weeks
Trend gateUp
Fan width8.68%
Fast versus slow change0.20 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
19.8%
26-week
28.2%
39-week
35.1%
52-week
49.3%
Constituent trend persistence
95% coverage
Is the index move broadly durable?
78%positive
Coherent positive72%
Coherent negative22%
Average horizon agreement97%
Positive horizon share75%
Weakening positives1
Repairing negatives0
18 constituents measured as of 21 Aug 2026. Median trend age is 38 weeks.
Custom stage map
89% coverage
Where constituents sit in the cycle
77%Stage 2
Stage 1 · Basing0%0 securities
Stage 2 · Advancing77%13 securities
Stage 3 · Distribution6%1 securities
Stage 4 · Declining18%3 securities
Re-acceleration watch0
Transition watch0
Relative strength leaders76%
Fair Value repairs0
Measured as of 21 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
78/100 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 index99.9
13-week trend96.0
4-week trend change4.00%
Weekly peer rank3 of 8
1 week
0.8 pts
relative
4 weeks
-3.3 pts
relative
13 weeks
15.2 pts
relative
26 weeks
19.8 pts
relative
52 weeks
9.6 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
58%
advanced
- Advancing
- 11
- Declining
- 8
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility26.2%
Drawdown from 52-week high-0.3%
Positive weeks, last 1362%
Current directional run1 week
Turnover versus 13-week norm85%
Breadth impulse0.9 pts
Cross-section
19 measured
Return distribution
Q1 -1.4%
Median 0.5%
Q3 1.2%
Average winner1.7%
Average loser-3.0%
Dispersion3.6 pts
Top-five upside share76%
Top-five capital share89%
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
49/100 confidence
Coverage before conviction
Qualified companies737% of measured constituents
Articles664100% direct company evidence
Publishers165Independent sources represented
Latest evidence29 AugFreshness is weighted in the score
Constructive 57%Balanced 43%Cautious 0%
Price confirms news3
Price disagrees1
Negative news absorbed0
Positive but stretched4
Constructive edge
Strongest qualified tone
VLO53/100 confidence · 118 direct
60
Valero Energy (VLO) Looks Well Placed In The Tight Global Refining Market
MPC64/100 confidence · 163 direct 59Marathon Petroleum Corporation (NYSE:MPC) Receives Consensus Rating of "Moderate Buy" from …
PSX53/100 confidence · 141 direct 58Phillips 66 stock holds above $238 as Q2 2026 profit jumps on strong refining margins
SUN39/100 confidence · 49 direct 58Is Sunoco (SUN) Outperforming Other Oils-Energy Stocks This Year?
DINO40/100 confidence · 63 direct 57HF Sinclair's New $1.5 Billion Share Repurchase Program Seen as Positive, UBS Says
Narrative risk
Weakest qualified tone
PARR37/100 confidence · 73 direct
51
Why Par Pacific Holdings (PARR) Is Up 6.3% After Selling Laramie Stake Amid Robust Refining…
DK51/100 confidence · 57 direct 53Delek US director Marcogliese sells $142,100 in shares
DINO40/100 confidence · 63 direct 57HF Sinclair's New $1.5 Billion Share Repurchase Program Seen as Positive, UBS Says
SUN39/100 confidence · 49 direct 58Is Sunoco (SUN) Outperforming Other Oils-Energy Stocks This Year?
PSX53/100 confidence · 141 direct 58Phillips 66 stock holds above $238 as Q2 2026 profit jumps on strong refining margins
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 19 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.