IBD Industry Groups Bell Curve – Bullish Percent

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Average Distribution: 38.52% (-9.91% 1wk)

  • 110 Groups (55.28%) are in the Stage 4 zone
  • 62 Groups (31.16%) are in the Stage 1 or Stage 3 zone
  • 27 Groups (13.56%) are in the Stage 2 zone

The IBD Industry Groups Bell Curve declined for a fifth week, losing -9.91% to finish at 38.52% overall.

The amount of groups in Stage 4 increased by 52 (+26%), and the amount of groups in Stage 2 decreased by 27 (-13.6%), while the amount groups in Stage 1 or Stage 3 decreased by 25 (-12.6%).

The larger than average decline this week has shifted the average distribution to the left of middle of the bell curve, which is borderline in the Stage 4 zone (below 40%), and hence the bell curve has moved into negative territory, which indicates a difficult trading environment.

To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (3 March 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).

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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.