US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
The Industrials sector was one of the strongest areas this week, with multiple groups improving the amount of stocks that are technically healthy (i.e. stocks on with Stage Analysis Technical Attributes (SATA) scores of 6 or higher).
However, I wanted to highlight an area at lower end of the rankings, which has the majority of stocks in Stage 4 currently – which is the Coal & Consumable Fuels sub-industry, and is made up of a mix of Coal stocks and Uranium stocks.
Uranium came back into focus this week with the news that Microsoft (MSFT) have made a 20-year deal, from 2028 to purchase power from the Three Mile Island nuclear plant owned by Constellation Energy (CEG). Boosting CEG and other power related Utilities on Friday, with some breakout gaps. But the deal could be a potential catalyst for Uranium stocks too, and we saw all of the Uranium stocks SATA scores improve this week – moving the majority into what is known as Stage 4B- (i.e. a potential bottom has formed, but they are too technically weak still, to be considered Stage 1) for example CCJ. Another stock LEU has already improved to the Strong SATA range (SATA 6+) and has moved into potential Stage 1, and so will the others in the group follow suit in the coming months?
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.