US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Renewable Energy Equipment had a negative week but managed to hold onto the top RS ranking for another week, and continues to be the leading group over the last 3 months. However there were some strong movers this week with Asset Managers for example rising 30 RS points to 4th place overall with multiple Stage 2 breakouts in the group, as well as continued strength for another week in the Nonferrous Metals group which is now up to 6th place overall and has risen a dramatic 63 RS points in the last few weeks, as multiple stocks in the group put in spring type action and have rapidly risen higher within potential Stage 1 bases and few Stage 2 breakouts too.
Home Construction was another strong riser this week, up +44 RS points to 16th overall with multiple stocks in the group developing in Stage 1 and a few Stage 2 breakouts attempts.
US Industry Groups by Weakest RS Score
The Gold Mining ($DJUSPM) and Mining ($DJUSMG) groups continued to standout at the bottom end of the RS rankings, with strong improvement since the swing low with spring type action the previous week that I highlighted in last weeks post. With Stage 4B- breakouts* from their deep bases.
*Stage 4B- means that the position is still to technically weak to be considered early Stage 1, as it's a long way below key moving averages. But may be attempting to bottom.
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 video – as 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.