US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
While there were positive changes in the Technical Attributes 7 out of the 11 sectors this week. Energy stands out with just under half of the sector with positive Stage Analysis Technical Attributes (SATA) score changes. As well as the USO (United States Oil Fund) making a new Stage 2 breakout attempt and XES (SPDR® S&P Oil & Gas Equipment & Services ETF) improving in a potential base structure which may be turning into Stage 1, and potential Springs from the lows in the XOP and OIH etfs.
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.