Week Ending: 28 August 2026

United States US Sector

Industrials

For the week ending 28 August 2026, Industrials declined 2.38% with 181 advancing, 447 declining, and 5 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.

47 technical evidence

Index1661.07 1 week-2.38% Breadth29% Members633

Industry

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 2 completed weeks in this state

Trend acceptance -1.8% Index versus Trend Line

Persistence 50% Positive regime, shorter trend weakening

Participation 29% 181 advancing, 447 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Reduce exposure into strength

Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.

47 technical evidence
out of 100

Evidence balance

Five-pillar map

Reduce

Trend

Breadth

Persistence

Relative

Risk quality

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.

Independent sentiment overlay News tone is balanced

Sentiment is not supplying a meaningful directional edge.

Evidence that would change the view

A completed weekly reclaim of 1,690.74, the higher of Trend Line and Fair Value, would improve the structural case.
Breadth holding above 55% for several completed weeks would show that repair is spreading.
Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.

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.

Index architecture Rotation Up

Fast Activity Lines are gaining on the slow pair while price acceptance improves.

State age2 weeks

Trend gateUp

Fan width0.76%

Fast versus slow change0.34 pts

Above 33% Below 67%

Six completed weeks of price acceptance relative to the full Activity Line fan.

Index persistence

Positive regime, shorter trend weakening

50% agreement

The long trend remains positive, but the 13-week horizon has turned against it.

13-week

-5.5%

26-week

-2.0%

39-week

4.5%

52-week

0.6%

Regime age34 weeks 52-week flips4 52-week boundary1650.41

Constituent trend persistence

Is the index move broadly durable?

93% coverage

54%positive

Coherent positive26%

Coherent negative20%

Average horizon agreement80%

Positive horizon share55%

Weakening positives111

Repairing negatives87

590 constituents measured as of 21 Aug 2026. Median trend age is 26 weeks.

Custom stage map

Where constituents sit in the cycle

89% coverage

38%Stage 2

Stage 1 · Basing15%83 securities

Stage 2 · Advancing38%216 securities

Stage 3 · Distribution10%54 securities

Stage 4 · Declining37%209 securities

Re-acceleration watch6 Transition watch62 Relative strength leaders25% Fair Value repairs59

Measured as of 21 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

76/100 mean confidence

Upward expansion

28% 155

Rotation up

7% 41

Deceleration

14% 77

Balance

20% 115

Rotation down

6% 34

Downward expansion

25% 140

Unresolved

0% 0

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

Weakening

Relative index 13-week relative trend Starting level

Rotation dashboard Weakening

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 index105.7

13-week trend109.7

4-week trend change-0.58%

Weekly peer rank12 of 12

1 week

-1.3 pts relative

4 weeks

-2.3 pts relative

13 weeks

-4.5 pts relative

26 weeks

-4.8 pts relative

52 weeks

-2.6 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Narrow

29% advanced

Advancing: 181
Declining: 447
Unchanged: 5

4-week average 46%

13-week average 47%

Risk and persistence

Path quality

52-week lens

Annualised weekly volatility17.9%

Drawdown from 52-week high-6.3%

Positive weeks, last 1331%

Current directional run2 weeks

Turnover versus 13-week norm81%

Breadth impulse-20.3 pts

Cross-section

Return distribution

633 measured

Q1 -4.7% Median -1.9% Q3 0.4%

Average winner4.8%

Average loser-5.4%

Dispersion9.5 pts

Top-five upside share28%

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 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.

3/24 positive

Above Trend Line12/2450% of industries

Constructive breadth4/24At least half advancing

Median industry-1.73%1.60 pts dispersion

#1 Narrowing

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence

Qualified weighted tone

55out of 100

More positive than negative

Positive company scores outnumber negative ones, but the overall score remains close to 50.

Evidence quality

Coverage before conviction

52/100 confidence

Qualified companies17628% of measured constituents

Articles13785100% direct company evidence

Publishers3169Independent sources represented

Latest evidence30 AugFreshness is weighted in the score

Constructive 44%Balanced 48%Cautious 9%

Price confirms news23

Price disagrees93

Negative news absorbed3

Positive but stretched47

Constructive edge

Strongest qualified tone

NDSN67/100 confidence · 79 direct 69

What Makes Nordson (NDSN) a Strong Momentum Stock: Buy Now?

HEI-A52/100 confidence · 26 direct 68

Heico (NYSE:HEI) Announces Earnings Results, Beats Expectations By $0.16 EPS

HEI67/100 confidence · 46 direct 67

Heico (NYSE:HEI) Announces Earnings Results, Beats Expectations By $0.16 EPS

TH55/100 confidence · 56 direct 67

Why Target Hospitality (TH) Stock Is Trading Up Today

DCI64/100 confidence · 62 direct 66

Donaldson’s (DCI) Billion-Dollar Quarter Hides A Costlier Bet Ahead

Narrative risk

Weakest qualified tone

PNR83/100 confidence · 116 direct 28

Pentair stock stabilizes after class action news as Q2 2026 earnings show margin resilience

EQPT73/100 confidence · 78 direct 29

SEPTEMBER 21, 2026 EQPT INVESTOR DEADLINE: EquipmentShare.com, Inc. Investors with Substant…

HUBG75/100 confidence · 88 direct 29

Hub Group, Inc. (NASDAQ: HUBG) Faces New Scrutiny: Nasdaq

AVEX61/100 confidence · 35 direct 32

AEVEX Management to Present at 2026 Jefferies Global Industrials Conference

PRIM49/100 confidence · 57 direct 33

INVESTOR ALERT: Primoris Services Corporation (PRIM)

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.

Leading edge

1 SWVLSwvl Holdings Corp

113.70% 2 CRECre8 Enterprise Limited Class A Ordinary Shares

50.38% 3 OESXOrion Energy Systems Inc

33.64% 4 PRZOParaZero Technologies Ltd. Ordinary Shares

24.84% 5 AIHSSenmiao Technology Ltd

20.55%

Weakest edge

633 UGROUrban-Gro Inc

-90.93% 632 SUGPSU Group Holdings Limited Ordinary Shares

-50.00% 631 MIMIMint Incorporation Limited Class A Ordinary Shares

-48.70% 630 SGLYSingularity Future Technology Ltd

-42.80% 629 SDSTStardust Power Inc.

-38.80%

Constituent ledger

Sector constituents

Top 100 of 633 shown, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return

1 SWVL Swvl Holdings Corp NASDAQ 22.02M 3.12 0.04 pts

113.70%

2 CRE Cre8 Enterprise Limited Class A Ordinary Shares NASDAQ 5.23M 3.91 0.04 pts

50.38%

3 OESX Orion Energy Systems Inc NASDAQ 102.31M 26.50 0.04 pts

33.64%

4 PRZO ParaZero Technologies Ltd. Ordinary Shares NASDAQ 21.26M 0.8403 0.04 pts

24.84%

5 AIHS Senmiao Technology Ltd NASDAQ 20.82M 1.76 0.03 pts

20.55%

6 NCT Intercont (Cayman) Limited Ordinary shares NASDAQ 41.76M 4.87 0.03 pts

18.20%

7 HHS Harte Hanks Inc NASDAQ 29.82M 4.34 0.03 pts

17.93%

8 RYOJ rYojbaba Co., Ltd. Common Shares NASDAQ 65.72M 5.76 0.03 pts

16.84%

9 SCWO 374Water Inc. Common Stock NASDAQ 41.46M 2.79 0.02 pts

15.29%

10 LASE Laser Photonics Corporation Common Stock NASDAQ 70.00M 1.46 0.02 pts

14.96%

11 CBAT CBAK Energy Technology Inc NASDAQ 76.24M 0.9301 0.02 pts

12.94%

12 XMTR Xometry Inc NASDAQ 5.03B 94.11 0.02 pts

12.59%

13 GRNQ GreenPro Capital Corp NASDAQ 21.88M 13.50 0.02 pts

12.41%

14 AIRT Air T Inc NASDAQ 86.70M 32.15 0.02 pts

11.83%

15 EPOW Sunrise New Energy Co. Ltd NASDAQ 16.68M 0.50 0.02 pts

11.58%

16 DFSC DEFSEC Technologies Inc. NASDAQ 4.27M 1.72 0.02 pts

10.97%

17 WNC Wabash National Corporation NYSE 490.88M 13.33 0.02 pts

10.90%

18 SVRN OceanPal Inc. NASDAQ 15.59M 8.74 0.02 pts

10.14%

19 JELD Jeld-Wen Holding Inc NYSE 216.04M 2.53 0.02 pts

10.00%

20 NCEW New Century Logistics (BVI) Limited Ordinary Shares NASDAQ 55.65M 18.19 0.01 pts

9.31%

21 TISI Team Inc NYSE 105.28M 24.74 0.01 pts

8.89%

22 BEEP Mobile Infrastructure Corporation NASDAQ 118.53M 2.97 0.01 pts

8.79%

23 EAF GrafTech International Ltd NYSE 168.56M 7.41 0.01 pts

8.49%

24 TE T1 Energy Inc. NYSE 1.27B 4.79 0.01 pts

8.37%

25 NVRI Enviri Corporation NYSE 595.38M 22.28 0.01 pts

7.89%

26 SLGB Smart Logistics Global Limited Ordinary Shares NASDAQ 24.25M 0.518 0.01 pts

7.80%

27 NPWR NET Power Inc. NYSE 176.08M 1.83 0.01 pts

7.65%

28 RR Richtech Robotics Inc. Class B Common Stock NASDAQ 443.45M 1.83 0.01 pts

7.65%

29 EDRY EuroDry Ltd NASDAQ 141.95M 50.38 0.01 pts

7.52%

30 LSH Lakeside Holding Limited Common Stock NASDAQ 10.81M 0.354 0.01 pts

7.47%

31 ONT Onterris NYSE 538.35M 17.04 0.01 pts

7.37%

32 SFWL Shengfeng Development Limited Class A Ordinary Shares NASDAQ 73.42M 0.9105 0.01 pts

7.12%

6.78%

34 ACM Aecom Technology Corporation NYSE 8.36B 69.17 0.01 pts

6.76%

35 FTEK Fuel Tech Inc NASDAQ 43.11M 1.48 0.01 pts

6.47%

36 RHLD Resolute Holdings Management, Inc. NYSE 1.01B 135.55 0.01 pts

6.21%

37 CHRW CH Robinson Worldwide Inc NASDAQ 16.69B 150.39 0.01 pts

6.19%

38 AGCO AGCO Corporation NYSE 7.71B 113.39 0.01 pts

6.16%

39 SHIM Shimmick Corporation Common Stock NASDAQ 166.17M 3.99 0.01 pts

6.12%

40 BTOC Armlogi Holding Corp. Common Stock NASDAQ 13.36M 0.305 0.01 pts

5.90%

41 OFAL OFAL NASDAQ 2.77M 0.8073 0.01 pts

5.82%

42 XRX Xerox Corp NASDAQ 387.38M 3.06 0.01 pts

5.52%

43 RITR Reitar Logtech Holdings Limited Ordinary shares NASDAQ 5.81M 0.0877 0.01 pts

5.41%

44 LZ LegalZoom.com Inc NASDAQ 1.01B 6.15 0.01 pts

5.40%

45 MGN Megan Holdings Limited Ordinary Shares NASDAQ 94,350 0.1098 0.01 pts

5.37%

46 SKYX SKYX Platforms Corp NASDAQ 170.64M 1.21 0.01 pts

5.22%

47 WFCF Where Food Comes From Inc NASDAQ 64.59M 13.15 0.01 pts

5.20%

48 FORR Forrester Research Inc NASDAQ 229.42M 12.38 0.01 pts

5.09%

49 EML Eastern Co NASDAQ 155.48M 26.32 0.01 pts

4.86%

50 PAMT PAMT CORP NASDAQ 242.51M 12.02 0.01 pts

4.80%

51 ILAG Intelligent Living Application Group Inc NASDAQ 6.54M 3.28 0.01 pts

4.79%

52 PESI Perma-Fix Environmental Svcs Inc NASDAQ 375.51M 18.12 0.01 pts

4.74%

53 ALK Alaska Air Group Inc NYSE 4.64B 42.32 0.01 pts

4.73%

54 CDLR Cadeler A/S NYSE 2.31B 25.05 0.01 pts

4.72%

55 BE Bloom Energy Corp NYSE 60.09B 210.77 0.01 pts

4.63%

56 HMR Heidmar Maritime Holdings Corp. Common Stock NASDAQ 80.43M 1.41 0.01 pts

4.44%

57 PBI Pitney Bowes Inc NYSE 2.27B 17.21 0.01 pts

4.43%

58 DXST Decent Holding Inc Ordinary Shares NASDAQ 5.87M 2.63 0.01 pts

4.37%

59 GFL Gfl Environmental Holdings Inc NYSE 14.98B 42.83 0.01 pts

4.34%

60 GXO GXO Logistics Inc NYSE 5.39B 47.60 0.01 pts

4.11%

61 FLUX Flux Power Holdings Inc NASDAQ 14.07M 0.6234 0.01 pts

4.09%

62 GFAI Guardforce AI Co Ltd NASDAQ 12.92M 0.3801 0.01 pts

4.02%

63 NL NL Industries Inc NYSE 314.42M 6.73 0.01 pts

4.02%

64 TH Target Hospitality Corp NASDAQ 1.73B 18.55 0.01 pts

3.92%

65 HAFN Hafnia Limited NYSE 4.06B 8.47 0.01 pts

3.80%

66 PPHC Public Policy Holding Company, Inc. Common Stock NASDAQ 331.17M 10.96 0.01 pts

3.79%

67 ENR Energizer Holdings Inc NYSE 1.47B 22.27 0.01 pts

3.73%

68 GPGI GPGI, Inc. NYSE 3.79B 13.25 0.01 pts

3.60%

69 TRSG Tungray Technologies Inc Class A Ordinary Shares NASDAQ 23.93M 1.49 0.01 pts

3.47%

70 STRR Star Equity Holdings Inc NASDAQ 37.82M 10.31 0.01 pts

3.41%

71 ECO Okeanis Eco Tankers Corp. NYSE 2.54B 66.86 0.01 pts

3.32%

72 SPCX Space Exploration Technologies Corp. Class A Common Stock NASDAQ 2.13T 141.50 0.01 pts

3.31%

73 UPS United Parcel Service Inc NYSE 87.39B 105.33 0.01 pts

3.25%

74 CETY Clean Energy Technologies, Inc. Common Stock NASDAQ 12.04M 1.03 0.00 pts

3.00%

75 GLXG Galaxy Payroll Group Limited Ordinary Shares NASDAQ 6.89M 1.08 0.00 pts

2.87%

76 AMRC Ameresco Inc NYSE 1.11B 21.99 0.00 pts

2.85%

77 WLDN Willdan Group Inc NASDAQ 1.30B 87.99 0.00 pts

2.84%

78 CAAP Corporacion America Airports NYSE 3.90B 24.10 0.00 pts

2.73%

79 MMS Maximus Inc NYSE 3.05B 59.75 0.00 pts

2.63%

80 DSX Diana Shipping Inc. NYSE 335.92M 2.78 0.00 pts

2.58%

81 RHI Robert Half International Inc NYSE 4.62B 45.31 0.00 pts

2.58%

82 TAYD Taylor Devices Inc NASDAQ 192.40M 60.00 0.00 pts

2.53%

83 BBSI Barrett Business Services Inc NASDAQ 809.94M 34.37 0.00 pts

2.44%

84 RCMT RCM Technologies Inc NASDAQ 298.65M 41.84 0.00 pts

2.40%

85 VRSK Verisk Analytics Inc NASDAQ 24.53B 191.77 0.00 pts

2.28%

86 AERT Aeries Technology Inc. NASDAQ 36.83M 7.06 0.00 pts

2.24%

87 WSO-B Watsco Inc NYSE 12.76B 316.05 0.00 pts

2.19%

88 FBIN Fortune Brands Innovations Inc. NYSE 5.36B 45.50 0.00 pts

2.18%

89 ADT ADT Inc NYSE 5.42B 7.54 0.00 pts

2.17%

90 CMCO Columbus McKinnon Corporation NASDAQ 518.11M 18.00 0.00 pts

2.16%

91 BRC Brady Corporation NYSE 4.45B 93.25 0.00 pts

2.15%

92 ESEA Euroseas Ltd NASDAQ 534.37M 76.63 0.00 pts

2.13%

93 CMC Commercial Metals Company NYSE 7.18B 67.63 0.00 pts

1.99%

94 ULH Universal Logistics Holdings Inc NASDAQ 508.63M 19.52 0.00 pts

1.99%

95 YSXT YSX Tech. Co., Ltd Class A Ordinary Shares NASDAQ 32.23M 1.04 0.00 pts

1.96%

96 ROMA Roma Green Finance Limited Ordinary Shares NASDAQ 547.40M 9.16 0.00 pts

1.91%

97 EXPO Exponent Inc NASDAQ 3.33B 71.53 0.00 pts

1.88%

98 CMPR Cimpress NV NASDAQ 2.13B 89.28 0.00 pts

1.84%

99 CWST Casella Waste Systems Inc NASDAQ 6.03B 93.68 0.00 pts

1.82%

100 ATI Allegheny Technologies Incorporated NYSE 28.57B 210.76 0.00 pts

1.81%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Industrials

Index, activity fan and structural anchors

Is the evidence ready for capital?

Five-pillar map

Architecture, persistence and constituent regimes

Positive regime, shorter trend weakening

Is the index move broadly durable?

Where constituents sit in the cycle

How market energy is distributed

Performance relative to US Market Structure

Participation, dispersion and path risk

Participation quality

Path quality

Return distribution

30-week persistence

Net participation

Where sector leadership is forming

Railroads

Consulting Services

Marine Shipping

Waste Management

Specialty Business Services

Metal Fabrication

Pollution & Treatment Controls

Airlines

Tools & Accessories

Staffing & Employment Services

Conglomerates

Airports & Air Services

Electrical Equipment & Parts

Industrial Distribution

Integrated Freight & Logistics

Building Products & Equipment

Rental & Leasing Services

Business Equipment & Supplies

Specialty Industrial Machinery

Farm & Heavy Construction Machinery

Trucking

Engineering & Construction

Security & Protection Services

Aerospace & Defense