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US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

A few of the Oil groups moved back up the RS rankings to 3rd and 4th place overall, with Energy groups taking up the top four positions in the RS rankings once more. Renewable Energy Equipment held on to the top RS spot, but ended with a negative week at -4.51%, while Coal had the strongest percentage move of the week at +5.01%. But remains in 2nd place overall, and could potentially regain the top spot, which it held for over 3 months previously in the early part of the summer.

The Exploration and Production group seems to be coming back into focus too, with some Stage 2 breakout attempts in the group this week – for example DEN on strong relative volume (see below), and multiple stocks in the group moving back to P&F buy signals, causing a shift in the IBD group Bullish Percent chart on Thursday to P&F Bull Confirmed status. So the group, which is quite large at 126 stocks, might be worth further investigation.

US Industry Groups by Weakest RS Score

Gold Mining and Mining continue to hold the bottom two spots in the group RS table with both down the most overall at over -6% this week and moving to new lows in their Stage 4 declines.

There's been very little change at the bottom of the RS table over the last few weeks, with Materials and Consumer Discretionary groups dominating the bottom of the rankings.

104 Dow Jones 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.