US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
A mixed week overall with strength in groups in the Real Estate, Utilities and Consumer Discretionary sectors. But I wanted to highlight the Software group – which is made of the Application Software and Systems Software sub-industries (see Bell Curve below). As it has shown continued improvement over the last six months. Rising from a low of just 13.04% in April to 59.80% today, of stocks in the group that are technically healthy (i.e. have a Stage Analysis Technical Attributes (SATA) score of 6 or higher). As well as consistent improvement in the percentage fo stocks that are above their 30 week moving averages to 65.80% currently.
Software is made up of 310 stocks, so it's larger than most groups, but attached below is the largest 20 Software stocks by market cap. To view the full industry group go to the Software page.
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.