US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
The Energy sector was the standout area this week, with all of the fossil fuel groups rising strongly up the Industry Groups Relative Strength Rankings (RS) and strong improvement in the Stage Analysis Technical Attributes (SATA) scores in many stocks in the sector. For example, it was the only sector this week to have a positive week in terms of the percentage of stocks moving into the SATA strong range (60%+) – see the interactive graphic from the Sector Breadth page below.
Coal & Consumable Fuels has moved up to the top of the RS rankings and into the strong range of the SATA breadth, as the Coal miners and Uranium stocks have continued to recover over the last month (which was highlighted in the previous post a few weeks ago). And a few in the group have also made Stage 2 breakout attempts in the last few weeks – HNRG BTU.
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.