US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Automobiles ($DJUSAU) held onto the top spot of the US industry group relative strength (RS) rankings for a fifth week, but it was a mixed week for the group with a few of the large caps pulling back following TSLA's earnings results reaction. But around a third of the group showed good RS this week, for example – NKLA, RIVN, NSANY, TM to name a few.
Semiconductors ($DJUSSC) held onto second place in the RS rankings, but there were some heavy pullbacks in the group this week, which caused the group chart to pullback towards its 21 day EMA.
Trucking ($DJUSTK) was one of the standout groups this week, with multiple stocks in the group, as well as the group chart itself making new all-time highs. Which propelled the Trucking group up by +9 RS places to 9th place overall – which is its strongest RS position since late 2021. A few of the stronger RS stocks from the group can be seen below – SAIA, ARCB, ODFL, TFII.
US Industry Groups by Weakest RS Score
At the bottom of the RS rankings Aluminium ($DJUSAL) once again moved back into the bottom position, as multiple of the materials groups moved into the lower end of the RS rankings this week following Thursdays declines in those groups.
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.