US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Renewable Energy Equipment ($DWCREE) is a notable group on the move this week, rising +22 RS points to 7th place in the overall Industry Groups Relative Strength Rankings table. The majority of the group actually has weak SCTR (relative strength) scores on stockcharts, but due to the how the DJ groups are weighted, the larger cap stocks have much more influence. So the early Stage 2 continuation breakout in FSLR is the major reason for the move up the RS rankings. Although, lots of stocks in the group had a very strong week – i.e. recent IPO stock GEV for example, which continues to push to new highs since breaking out out of its IPO base.
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.