Average Distribution: 57.04% (-0.53% 1wk)
- 32 Groups (16%) are in the Stage 4 zone
- 81 Groups (40.5%) are in the Stage 1 or Stage 3 zone
- 87 Groups (43.5%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve contracted for a second week, but slowed considerably with only a -0.53% decline, closing at 57.04% overall.
The amount of groups in Stage 4 was unchanged, and the amount of groups in Stage 2 decreased by -3 (-1.5%), while the amount groups in Stage 1 or Stage 3 increased by +3 (+1.5%).
So the average distribution is holding in the upper Stage 1 zone (between 40% and 60%), but remains in a borderline area just under the Stage 2 level, and hence the bell curve is still weighted towards the positive side of the spectrum currently.
To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (10 February 2023).
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).
Become a Stage Analysis Member:
To see more like this and other premium content, such as the regular US Stocks watchlist, detailed videos and intraday posts, become a Stage Analysis member.
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.