Average Distribution: 37.23% (-9.94% 1wk)
- 106 Groups (53%) are in the Stage 4 zone
- 80 Groups (40%) are in the Stage 1 or Stage 3 zone
- 14 Groups (7%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve – Bullish Percent average distribution declined by a further -9.94% since the previous week, with an additional 34 groups dropping out of the Stage 2 zone and 46 groups dropping back into the Stage 4 zone. Hence the majority of groups (106 of 200 – 53%) are now in the Stage 4 zone.
The overall average declined sharply to close the week at 37.23%, and hence has fallen back into the Stage 4 zone (below 40%) once more.
To compare against last weeks chart go to: IBD Industry Groups Bell Curve – Bullish Percent (26 August 2022).
Below is the data tables of the 200 IBD groups bullish percent in order of relative strength and the position changes over the last 1, 2 and 4 weeks.
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.