US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
The Industry Groups Relative Strength (RS) Rankings saw a number of changes at the top this week, with Nonferrous Metals ($DJUSNF) moving up one place to the top of the rankings, as many of the Silver stocks continue to hold up following recent moves into early Stage 2, and some like current Precious Metals leader SILV are pushing to new 52 week highs (see screenshot below from its Stage Analysis stock page on the website).
Aluminium ($DJUSAL) moved up +3 RS points to 2nd place overall with CENX continuing to make new 52 week highs and increased its Stage Analysis Technical Attributes (SATA) score by +2 to a maximum SATA 10
Airlines ($DJUSAR) was the weeks biggest RS riser though, moving a massive +45 RS points to 3rd place overall as UAL gapped higher on Wednesday, and followed through into the end of week to make a new Stage 2 breakout attempt. And the multiple other stocks in the group also followed its lead improving their Stage Analysis Technical Attributes (SATA) scores. For example ALK and JBLU
US Industry Groups by Weakest RS Score
At the bottom of the Industry Groups Relative Strength Rankings, Automobiles continues to lag, with TSLA pushing the new 52 week lows once more in Stage 4.
US Industry Groups sorted by Relative Strength
The purpose of the Relative Strength (RS) tables is to track the short, medium and long-term RS changes of the individual groups to find the new leadership earlier than the crowd.
RS Score of 100 is the strongest, and 0 is the weakest.
In the Stage Analysis method we are looking to focus on the strongest groups, as what is strong, tends to stay strong for a long time. But we also want to find the improving / up and coming groups that are starting to rise up strongly through the RS table from the lower zone, in order to find the future leading stocks before they break out from a Stage 1 base and move into a Stage 2 advancing phase.
Each week I go through the most interesting groups on the move in more detail during the Stage Analysis Members weekend video – as Industry Group analysis is a key part of Stan Weinstein's Stage Analysis method.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.