US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

Automobiles was the clear standout in this weeks Industry Groups Relative Strength (RS) Rankings as TSLA made a powerful Stage 2 breakout attempt and the group moved up +71 positions in the RS rankings to 3rd place overall. The GICS Industries data also shows a rebound attempt in the group, with SATA scores increasing in a number of stocks, moving the percentage on SATA 6+ to 22.73% and the percentage above their 30 week MAs increasing to 29.17%. So a lot of the RS move comes from TSLA's weighting. But it has helped other stocks in the group start to rebound as was discussed in last weeks post when the automobiles group and TSLA was highlighted before the Stage 2 breakout. 

The Gold, Silver & Metals miners (which can be found in the broader Metals & Mining GICS Industry group) had some of the strongest relative strength this week, and also topped the one week change in the GICS Industries Bell Curve in terms of the percentage of stocks moving to SATA 6+ with a +17.22% change. Moving the group out of the lower zone to 32.79% on SATA 6+ and 52.71% above their 30 week moving averages. 

There were multiple stocks with strong moves, but a few standouts at the top of the SATA rankings were: SKE with a Stage 2 breakout attempt, KGC continuing to make new highs in Stage 2, CDE with a new Stage 2 continuation breakout, AU with a new Stage 2 continuation breakout and many more as both physical Gold and Silver rebounded strongly in 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.