The IBD Industry Groups Bell Curve – Bullish Percent made as strong improvement over the last week with a +12.98% move into the high 30s, with more groups leaving the Stage 4 zone, and reentering previous Stage 3 ranges, and hence potentially shifting back towards Stage 1.
The average distribution stands at 38.56%, and so is still in the Stage 4 zone overall (below 40%), but continues to make incremental improvements.
- 103 Groups (51.5%) are in the Stage 4 zone
- 74 Groups (37%) are in the Stage 3 or Stage 1 zone
- 23 Groups (11.5%) are in the Stage 2 zone
Average Distribution: 38.56% (+12.98% 1wk)
If you compare with the Industry Groups Bell Curve chart from the June low (view at to IBD Industry Groups Bell Curve – Bullish Percent – 17 June 2022), there's been a big shift from the left of the bell curve back towards left of center. As the amount of stocks in the Stage 4 zone has dropped from 94% on the 17th June to 51.5% currently. With the Stage 3 or Stage 1 stocks expanding from 5% on the 17th June to 37% currently. Hence, a clear improvement in Stages breadth over the last month, which we would need to see expand further towards the center and right of center of the bell curve. (i.e. 40% to 60% range) in order to move to a Stage 1 type environment.
Below is the data tables of the IBD Industry Groups with the current Bullish Percent reading of their components.
Become a Stage Analysis Member:
To see more like this and other premium content, such as the regular US Stocks watchlist, detailed videos and intraday posts, become a Stage Analysis member.
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.