IBD Industry Groups Bell Curve – Bullish Percent
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Average Distribution: 50.64% (+1.49% 1wk)
- 56 Groups (28.14%) are in the Stage 4 zone (Weak)
- 79 Groups (39.70%) are in the Stage 1 or Stage 3 zone (Neutral)
- 64 Groups (32.16%) are in the Stage 2 zone (Strong)
The IBD Industry Groups Bell Curve increased by +1.49 this week to finish at 50.64% overall.
The amount of groups in Stage 4 (Weak) decreased by 2 (-1%), and the amount of groups in Stage 2 (Strong) increased by 7 (+3.5%), while the amount groups in Stage 1 or Stage 3 (Neutral) decreased by 5 (-2.5%).
The ratio of the amount of groups increasing in the Strong (Stage 2) zone versus decreasing in the Weak (Stage 4) zone increased this week to 1.14, and so there are now slightly more groups in the Stage 2 zone as are in the Stage 4 zone. But overall the average distribution remains in a completely neutral position with the majority of groups in the middle range (Stage 1 or Stage 3 – Neutral). Hence, it's continues to be a selective stock pickers market, with opportunities on both sides of the tape. See the group tables below for this weeks groups on the move. Of note for example are multiple Building groups moving back into the top 20.
To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (9 February 2024).
Below is the Bell Curve line chart and the data tables of the IBD groups bullish percent in order of relative strength and the position changes over the last 1, 2 and 4 weeks. (members only)
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.