Week Ending: 4 September 2026

United States US Utilities Industry

Utilities - Diversified

For the week ending 04 September 2026, Utilities - Diversified declined 0.04% with 3 advancing, 3 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Downward Expansion

The activity fan is bearishly ordered below the Trend Line with price accepted beneath it.

56 technical evidence
Index1221.99 1 week-0.04% Breadth50% Members6
Country 🇺🇸 United States · US
Sector Utilities
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 Downward Expansion 2 completed weeks in this state
Trend acceptance -2.7% Index versus Trend Line
Persistence 50% Positive regime, shorter trend weakening
Participation 50% 3 advancing, 3 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 Hold and wait for confirmation

The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.

56 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
39
Breadth
49
Persistence
80
Relative
47
Risk quality
91
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.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 17 percentage points.
  • Positive contribution is concentrated in a small leadership cohort.
Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view
  1. A completed weekly reclaim of 1,255.64, the higher of Trend Line and Fair Value, would improve the structural case.
  2. Breadth holding above 55% for several completed weeks would show that repair is spreading.
  3. 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 Downward Expansion

The activity fan is bearishly ordered below the Trend Line with price accepted beneath it.

State age2 weeks
Trend gateDown
Fan width1.91%
Fast versus slow change-1.72 pts
Above 0% Below 83%
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
-3.2%
26-week
-1.0%
39-week
5.0%
52-week
14.9%
Regime age49 weeks 52-week flips2 52-week boundary1063.17
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive33%
Coherent negative0%
Average horizon agreement58%
Positive horizon share58%
Weakening positives4
Repairing negatives0

6 constituents measured as of 4 Sep 2026. Median trend age is 46 weeks.

Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing0%0 securities
Stage 2 · Advancing33%2 securities
Stage 3 · Distribution17%1 securities
Stage 4 · Declining50%3 securities
Re-acceleration watch0 Transition watch0 Relative strength leaders0% Fair Value repairs0

Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

77/100 mean confidence
Upward expansion
33% 2
Rotation up
17% 1
Deceleration
0% 0
Balance
0% 0
Rotation down
0% 0
Downward expansion
50% 3
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 Utilities

Improving
Relative index 13-week relative trend Starting level
Rotation dashboard Improving

A rising relative line means this group is compounding faster than Utilities. A falling line means capital has done better in the parent benchmark.

Relative index96.4
13-week trend95.9
4-week trend change1.58%
Weekly peer rank5 of 6
1 week
-1.0 pts relative
4 weeks
1.0 pts relative
13 weeks
2.6 pts relative
26 weeks
4.5 pts relative
52 weeks
11.2 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Balanced
Advancing
3
Declining
3
Unchanged
0
4-week average 46%
13-week average 49%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility15.8%
Drawdown from 52-week high-7.5%
Positive weeks, last 1338%
Current directional run3 weeks
Turnover versus 13-week norm110%
Breadth impulse1.4 pts
Cross-section

Return distribution

6 measured
Q1 -0.3% Median -0.1% Q3 0.3%
Average winner0.6%
Average loser-0.7%
Dispersion0.8 pts
Top-five upside share100%
Top-five capital share99%
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?

Open Sentiment Intelligence
Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

2 qualified records across 6 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 UTLUNITIL Corporation
1.15% 2 AESThe AES Corporation
0.41% 3 AQNAlgonquin Power & Utilities Corp
0.18% 4 AVAAvista Corporation
-0.29% 5 SRESempra Energy
-0.32%

Weakest edge

6 BIPBrookfield Infrastructure Partners LP
-1.37% 5 SRESempra Energy
-0.32% 4 AVAAvista Corporation
-0.29% 3 AQNAlgonquin Power & Utilities Corp
0.18% 2 AESThe AES Corporation
0.41%

Constituent ledger

Industry constituents

All 6 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 UTL UNITIL Corporation NYSE 977.30M 53.71 0.19 pts
1.15%
2 AES The AES Corporation NYSE 10.52B 14.79 0.07 pts
0.41%
3 AQN Algonquin Power & Utilities Corp NYSE 4.38B 5.67 0.03 pts
0.18%
4 AVA Avista Corporation NYSE 3.18B 37.55 -0.05 pts
-0.29%
5 SRE Sempra Energy NYSE 55.30B 84.04 -0.05 pts
-0.32%
6 BIP Brookfield Infrastructure Partners LP NYSE 17.74B 37.13 -0.23 pts
-1.37%

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

Evidence context