Average Distribution: 50.37% (-6.67% 1wk)
- 50 Groups (25%) are in the Stage 4 zone
- 95 Groups (47.5%) are in the Stage 1 or Stage 3 zone
- 55 Groups (27.5%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve declined for a third week, losing -6.67% to finish at 50.37% overall.
The amount of groups in Stage 4 was increased by 18 (+9%), and the amount of groups in Stage 2 decreased by -32 (-16%), while the amount groups in Stage 1 or Stage 3 increased by +14 (+7%).
So the average distribution has pulled back into the middle of the bell curve, which is the Stage 1 zone (between 40% and 60%), and hence the bell curve is in a very neutral position currently.
To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (17 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).
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.