Average Distribution: 39.66% (+3.13% 1wk)
- 103 Groups (51.5%) are in the Stage 4 zone
- 75 Groups (37.5%) are in the Stage 1 or Stage 3 zone
- 22 Groups (11%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve reversed slightly higher over the previous week with a +3.13% gain to close the week at 39.66%.
The amount of groups in Stage 4 decreased by -19 (-9.5%), and the amount of groups in Stage 2 increased by +6 (+3%), while the amount groups in Stage 1 or Stage 3 increased by +13 (+6.5%).
This shifts the overall distribution of the bell curve back towards the lower middle range, which continues to be borderline between the Stage 1 and Stage 4 zones. Hence its position is fairly neutral and has improved slightly, but with a slight negative leaning still as it at the lower extreme of the Stage 1 range. So this needs to continue to progress back towards the middle and beyond to tilt the distribution more towards the positive side.
To compare against last weeks chart go to: IBD Industry Groups Bell Curve – Bullish Percent (30 December 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 (Members Only).
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.