Headline strength is not yet confirmed by the current Activity Line energy and constituent trend mix.
67
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
United States US Industrials Industry
Railroads
For the week ending 28 August 2026, Railroads advanced 0.87% with 1 advancing, 10 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.
67
technical evidence
Index1773.63
1 week0.87%
Breadth9%
Members11
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
3 completed weeks in this state
Trend acceptance
5.4%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
9%
1 advancing, 10 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
73
Breadth
33
Persistence
76
Relative
100
Risk quality
72
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.
- Activity Line energy is decelerating despite the positive Trend gate.
- 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 positive Trend gate remains, but fan energy or fast-line momentum is cooling.
State age3 weeks
Trend gateUp
Fan width2.58%
Fast versus slow change-1.91 pts
Above 50%
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
5.3%
26-week
3.8%
39-week
21.9%
52-week
21.2%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
73%positive
Coherent positive55%
Coherent negative18%
Average horizon agreement91%
Positive horizon share68%
Weakening positives2
Repairing negatives0
11 constituents measured as of 21 Aug 2026. Median trend age is 29 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
64%Stage 2
Stage 1 · Basing0%0 securities
Stage 2 · Advancing64%7 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining36%4 securities
Re-acceleration watch0
Transition watch0
Relative strength leaders55%
Fair Value repairs0
Measured as of 21 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
82/100 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 index152.1
13-week trend145.0
4-week trend change1.31%
Weekly peer rank1 of 24
1 week
3.3 pts
relative
4 weeks
0.8 pts
relative
13 weeks
10.9 pts
relative
26 weeks
5.8 pts
relative
52 weeks
20.5 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
9%
advanced
- Advancing
- 1
- Declining
- 10
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility16.9%
Drawdown from 52-week high-3.8%
Positive weeks, last 1369%
Current directional run2 weeks
Turnover versus 13-week norm140%
Breadth impulse-51.5 pts
Cross-section
11 measured
Return distribution
Q1 -2.3%
Median -1.7%
Q3 -0.4%
Average winner113.7%
Average loser-1.5%
Dispersion33.1 pts
Top-five upside share100%
Top-five capital share90%
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
40/100 confidence
Coverage before conviction
Qualified companies545% of measured constituents
Articles307100% direct company evidence
Publishers68Independent sources represented
Latest evidence29 AugFreshness is weighted in the score
Constructive 40%Balanced 60%Cautious 0%
Price confirms news2
Price disagrees0
Negative news absorbed0
Positive but stretched1
Constructive edge
Strongest qualified tone
UNP52/100 confidence · 88 direct
59
Union Pacific stock edges higher as fuel surcharges and Q2 earnings bolster outlook
CNI35/100 confidence · 60 direct 58Canadian National Railway Stock And 2 Freight Names Exposed To Tariff Shifts
WAB36/100 confidence · 50 direct 57Is Westinghouse Air Brake Technologies (WAB) Above Fair Value Today?
NSC36/100 confidence · 39 direct 55Union Pacific, Norfolk Southern defend rail merger application as STB review advances
CP38/100 confidence · 70 direct 50Why Is Canadian Pacific Kansas City (CP) Up 6.5% Since Last Earnings Report?
Narrative risk
Weakest qualified tone
CP38/100 confidence · 70 direct
50
Why Is Canadian Pacific Kansas City (CP) Up 6.5% Since Last Earnings Report?
NSC36/100 confidence · 39 direct 55Union Pacific, Norfolk Southern defend rail merger application as STB review advances
WAB36/100 confidence · 50 direct 57Is Westinghouse Air Brake Technologies (WAB) Above Fair Value Today?
CNI35/100 confidence · 60 direct 58Canadian National Railway Stock And 2 Freight Names Exposed To Tariff Shifts
UNP52/100 confidence · 88 direct 59Union Pacific stock edges higher as fuel surcharges and Q2 earnings bolster outlook
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 11 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.