US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Semiconductors ($DJUSSC) leads the Industry Groups Relative Strength (RS) Rankings for a sixth week as group leader NVDA surged to new highs following continued strong earnings results. So multiple secondary stocks in the group got a boost also and continue to push higher.
Home Construction ($DJUSHB) was another group of note, moving up +15 RS points to 4th position overall, with many of the groups stocks moved towards the highs of their recent ranges, with a few moving to new highs.
Hotels ($DJUSLG) was another strong area, moving up to 5th position with a number of the groups large caps pushing to new highs in Stage 2.
US Industry Groups by Weakest RS Score
At the weaker end of the market. The Renewable Energy Equipment ($DWCREE) stocks had a bad week, with multiple stocks in the group pushing towards the lows of their developing base structures in Stage 4 and Stage 1 following earnings results. So if those bases are going to develop into Stage 1, then they will need to be supported near the lower end of the ranges. As if they aren't, then they would drop back into Stage 4 declines once more. So a potential pivotal point for the group approaching.
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.