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US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

Renewable Energy Equipment held onto the top spot for another week with a strong gain of +7.41%, as Coal started to fall away, with one of the weakest performances of the week (-2.89%), and dropped -3 RS points to end the week in 5th place overall.

Non-ferrous Metals, Automobiles and Steel had the weeks strongest percentage moves. 

Automobiles – Stage 1 developing

The Automobiles group gained 26 RS points this week, to finish back in the top 10 once more, after a fairly long hiatus, with some strong moves in a number of the key stocks. But the group is weighted heavily towards TSLA, which had the second strongest percentage gain of the week at +10.91%, behind RIVN at +17.09%, and both are developing in Stage 1. As are a number of other key stocks in the group, such as GM, F, HOG and NIO.

So it's a potential group to research more, as if there is further strength, then it could push multiple stocks in the group into early Stage 2.

US Industry Groups by Weakest RS Score

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.