US Industry Groups by Highest RS Score
The top 3 remained unchanged this week, with Renewable Energy Equipment ($DWCREE), Semiconductors ($DJUSSC), Home Construction ($DJUSHB) still leading the RS rankings.
Clothing & Accessories ($DJUSCF) was the weeks strongest gainer in terms of percentage move (+12.40%) and RS gain. With an increase of +49 RS points to its score, which moves it up to 16th place overall, and was due to the earnings gap ups from the likes of LULU and PVH, plus strong moves from multiple stocks in the group.
US Industry Groups by Weakest RS Score
At the bottom end of the RS rankings, Banks ($DJUSBK) held onto the bottom spot for a second week. But of note was Automobiles ($DJUSAU) which is home to TSLA, which had a particularly strong finish to the week, ending above its 30 week MA for the first time since September.
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.