Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.
47
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
United States US Industrials Industry
Building Products & Equipment
For the week ending 28 August 2026, Building Products & Equipment declined 2.39% with 6 advancing, 26 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Deceleration
The positive Trend gate remains, but fan energy or fast-line momentum is cooling.
47
technical evidence
Index2245.08
1 week-2.39%
Breadth19%
Members32
Country
🇺🇸 United States · US
Sector
Industrials
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
Deceleration
6 completed weeks in this state
Trend acceptance
0.3%
Index versus Trend Line
Persistence
50%
Negative regime, horizons divided
Participation
19%
6 advancing, 26 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
Reduce
Five-pillar map
Trend
63
Breadth
31
Persistence
30
Relative
40
Risk quality
80
What supports the view
- The index remains above a constructive Trend gate.
What restrains conviction
- Breadth remains too narrow or inconsistent for a high-conviction position.
- Constituent persistence remains divided or predominantly negative.
- The group is not yet delivering dependable relative outperformance.
- Activity Line energy is decelerating despite the positive Trend gate.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 23 percentage points.
- 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 positive Trend gate remains, but fan energy or fast-line momentum is cooling.
State age6 weeks
Trend gateUp
Fan width1.90%
Fast versus slow change-0.75 pts
Above 33%
Below 33%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
50% agreement
Negative regime, horizons divided
The 52-week trend is negative, while shorter horizons remain mixed.
13-week
-4.3%
26-week
0.1%
39-week
9.4%
52-week
-6.0%
Constituent trend persistence
97% coverage
Is the index move broadly durable?
23%positive
Coherent positive6%
Coherent negative29%
Average horizon agreement71%
Positive horizon share40%
Weakening positives3
Repairing negatives10
31 constituents measured as of 28 Aug 2026. Median trend age is 10 weeks.
Custom stage map
94% coverage
Where constituents sit in the cycle
40%Stage 4
Stage 1 · Basing37%11 securities
Stage 2 · Advancing17%5 securities
Stage 3 · Distribution7%2 securities
Stage 4 · Declining40%12 securities
Re-acceleration watch0
Transition watch0
Relative strength leaders17%
Fair Value repairs8
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
71/100 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 Industrials
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Industrials. A falling line means capital has done better in the parent benchmark.
Relative index101.8
13-week trend102.5
4-week trend change1.04%
Weekly peer rank16 of 24
1 week
0.0 pts
relative
4 weeks
0.6 pts
relative
13 weeks
1.2 pts
relative
26 weeks
2.0 pts
relative
52 weeks
-6.6 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
19%
advanced
- Advancing
- 6
- Declining
- 26
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility27.5%
Drawdown from 52-week high-8.2%
Positive weeks, last 1331%
Current directional run3 weeks
Turnover versus 13-week norm80%
Breadth impulse-26.3 pts
Cross-section
32 measured
Return distribution
Q1 -4.1%
Median -2.8%
Q3 -1.6%
Average winner3.2%
Average loser-3.7%
Dispersion3.6 pts
Top-five upside share98%
Top-five capital share71%
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?
51out of 100
Mixed
Positive and negative company-news scores are balancing each other.
Evidence quality
41/100 confidence
Coverage before conviction
Qualified companies619% of measured constituents
Articles360100% direct company evidence
Publishers90Independent sources represented
Latest evidence31 AugFreshness is weighted in the score
Constructive 33%Balanced 33%Cautious 33%
Price confirms news2
Price disagrees2
Negative news absorbed0
Positive but stretched0
Constructive edge
Strongest qualified tone
CSL47/100 confidence · 59 direct
61
Hsbc Holdings PLC Buys New Position in Carlisle Companies Incorporated $CSL
WMS36/100 confidence · 54 direct 60Legal & General Group Plc Takes Position in Advanced Drainage Systems, Inc. $WMS
FBIN39/100 confidence · 98 direct 57Corient Private Wealth LP Acquires Shares of 230,906 Fortune Brands Innovations, Inc. $FBIN
BLDR38/100 confidence · 68 direct 48Wellington Management Group LLP Lowers Stock Holdings in Builders FirstSource, Inc. $BLDR
LII43/100 confidence · 32 direct 38Connor Clark & Lunn Investment Management Ltd. Makes New $10.60 Million Investment in Lenno…
Narrative risk
Weakest qualified tone
LMB38/100 confidence · 49 direct
36
Limbach (LMB) EPS and Revenue: Reported EPS Misses Expectations under the Current Snapshot;…
LII43/100 confidence · 32 direct 38Connor Clark & Lunn Investment Management Ltd. Makes New $10.60 Million Investment in Lenno…
BLDR38/100 confidence · 68 direct 48Wellington Management Group LLP Lowers Stock Holdings in Builders FirstSource, Inc. $BLDR
FBIN39/100 confidence · 98 direct 57Corient Private Wealth LP Acquires Shares of 230,906 Fortune Brands Innovations, Inc. $FBIN
WMS36/100 confidence · 54 direct 60Legal & General Group Plc Takes Position in Advanced Drainage Systems, Inc. $WMS
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 32 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.