US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Renewable Energy Equipment ($DWCREE) had a sharp move to the top of the Industry Groups Relative Strength (RS) Rankings this week, as multiple stocks in the group surged higher – FSLR, NXT, ENPH, RUN, ARRY, SHLS to name a few. But FSLR continues to be the major driver for the group, and which has been discussed multiple times on here as it developed through Stage 1 in earlier part of the year (see the March 28th post), and then as it broke out into early Stage 2 in early April.
The majority of the group however still remains in fledgling base structures in either late Stage 4 or Stage 1. So there's potential for more Stage 2 attempts in the coming months if the market continues in Stage 2 – ENPH for example which is developing in Stage 1, and hence remains an area to key an eye on in your watchlist.
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.