US Stocks Industry Groups Relative Strength Rankings
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US Industry Groups by Highest RS Score
Semiconductors ($DJUSSC) gained a further position to move into second place overall, which is its highest position for more than a year as multiple stocks in the group had a strong week including a few of the large caps from the group.
Internet ($DJUSNS) moved into the top 10 last week, which was the first time since September 2021, and moved up to 5th place overall this week with a strong week in a number of stocks in the group.
US Industry Groups by Weakest RS Score
Banks ($DJUSBK) moved down to the bottom spot in the Industry Group RS Rankings with lower lows, which is a theme across many of the market groups. However, Friday did see a weak rally attempt with many groups attempting to rebound at their recent swing lows with numerous under cut and rally attempts. So, we will see if they get any traction at the start of the new week or not, as many groups are extended to the downside in the short-term still.
104 Dow Jones Industry Groups sorted by Relative Strength
The purpose of the Relative Strength (RS) tables is to track the short, medium and long-term RS changes of the individual groups to find the new leadership earlier than the crowd.
RS Score of 100 is the strongest, and 0 is the weakest.
In the Stage Analysis method we are looking to focus on the strongest groups, as what is strong, tends to stay strong for a long time. But we also want to find the improving / up and coming groups that are starting to rise up strongly through the RS table from the lower zone, in order to find the future leading stocks before they break out from a Stage 1 base and move into a Stage 2 advancing phase.
Each week I go through the most interesting groups on the move in more detail during the Stage Analysis Members weekend video – as Industry Group analysis is a key part of Stan Weinstein's Stage Analysis method.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.