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US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

The main theme of the last quarter continues to be the Renewable Energy Equipment group ($DWCREE) with a further +9.63% gain this week as it continues to lead the RS rankings and make new 52 week highs.

Apparel Retailers group ($DJUSRA) is notable this week, rising 9 RS points to 2nd overall, with multiple Stage 2 breakout attempts in ROST, GPS, URBN – all of which have appeared in the watchlist in the last few months as they developed in Stage 1. There's also multiple stocks in the group developing Stage 1 base structures and approaching potential breakout levels. So the group could be worth further research. 

Telecommunications Equipment group ($DJUSCT) was another area of note this week, rising the 42 RS points to 33rd position overall, with multiple stocks in the group already in Stage 2 and new breakout attempts like JNPR, which has appeared twice in the watchlist in the last month.

US Industry Groups by Weakest RS Score

Automobiles group ($DJUSAU) continues to be the weakest group overall, with a further -7.37% decline this week in its Stage 4 decline. 

Of note is that the other bottom RS groups are all attempting to form a higher low, with pullbacks on diminishing volume and some are still considerably higher than at their November swing lows.

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.