US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

Semiconductors continues to lead the Industry Groups Relative Strength (RS) Rankings, but a notable areas of relative strength this week came from the Automobiles group and the Oil and Gas groups.

From the Automobiles group, TSLA continues to develop a base structure below its 200 day MA. But with this weeks close above the still declining 30 week MA, it technically changes the base from a structure in Stage 4B- into a potential Stage 1 base. With the Stage Analysis Technical Attributes holding on a Neutral SATA 5 of 10, and Mansfield RS still well below a declining zero line. However, if it starts closing above the January earnings gap and 200 day MA, then there's a possibility of it breaking out into early Stage 2. And with the Automobiles group, TSLA always seems to be major driver for the other stocks in the group (pardon the pun). So we could see secondary EV stocks like RIVN pick up once more if TSLA manages to move into Stage 2.

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 videoas 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.