Average Distribution: 48.43% (-1.94% 1wk)
- 58 Groups (29.14%) are in the Stage 4 zone
- 87 Groups (43.72%) are in the Stage 1 or Stage 3 zone
- 54 Groups (27.14%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve declined for a fourth week, losing -1.94% to finish at 48.43% overall.
The amount of groups in Stage 4 was increased by 8 (+4%), and the amount of groups in Stage 2 decreased by 1 (-0.5%), while the amount groups in Stage 1 or Stage 3 decreased by 8 (-4%).
The average distribution has dipped slightly below the middle of the bell curve, but remains in the Stage 1 zone (between 40% and 60%), and hence the bell curve continues to be in a very neutral position currently.
To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (25 February 2023).
Below is the data tables of the 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.