US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Semiconductors continues to lead the Industry Groups Relative Strength (RS) Rankings, but of note was that its GICS Industry Group had less Positive (25) Stage Analysis Technical Attributes (SATA) changes than Negative (38) changes this week. There were a few stand out stocks though, with HIMX the most notable, as it surged higher by 24.39%, with its first Stage 2 continuation breakout, since the Stage 2 breakout on the 15th May. Which crossed strongly back above its Mansfield RS Zero Line and recorded its first maximum SATA 10 score in over 2 years.
The exclusive GICS Sub-industry Bell Curve continues to highlight general technical weakness in the market, with the majority of sub-industries Stage Analysis Technical Attributes (SATA) scores in the lower half of the Bell Curve, with 74.07% in the Weak zone, 18.52% in the Neutral zone and 7.41% in the Strong zone currently.
Stage Analysis Members have access to this unique data, and the SATA and RS data for the component stocks of each Sub-industry, Industry, Group and Sector. So they can see the changes daily and drill down into the individual areas and apply Stan Weinstein's Forest to the Trees approach.
US Industry Groups by Weakest RS Score
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.