US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Gold Mining continued to hold onto the top spot for a third week in the Industry Groups Relative Strength (RS) Rankings, with numerous strong moves in the group and 88% with improving Stage Analysis Technical Attributes (SATA) scores. Physical Gold made a new Stage 2 continuation breakout attempt, with the GLD etf closing at new 52 week highs and the SATA score improving by +2 to a SATA 9 of 10.
However, one of this weeks biggest RS movers was the Semiconductors group. Which moved up +37 RS points to 3rd place overall in the RS rankings. Below is the SMH etf and a scan from the Stage Analysis Screener of the stocks in the group with positive changes to their Stage Analysis Technical Attributes (SATA) scores that have a market cap of at least 300mln and average weekly volume of 1.5M. i.e. a few examples of some of the strongest in the group currently include SKYT, CRDO, MPWR, NVDA.
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.