Average Distribution: 38.61% (+6.19% 1wk)
- 107 Groups (53.50%) are in the Stage 4 zone
- 69 Groups (34.50%) are in the Stage 1 or Stage 3 zone
- 24 Groups (12%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve reversed its decline with a rebound this week of +6.19%, to finish at 38.61%.
The amount of groups in Stage 4 decreased by 35 (-17.50%), and the amount of groups in Stage 2 increased by 14 (+7%), while the amount groups in Stage 1 or Stage 3 increased by 21 (+10.50%).
With the rebound this week, the overall distribution of the bell curve has shifted back towards the middle, but remains below the 40% level, and hence is still weighted in the Stage 4 zone currently, with potential to move back into the Stage 1 zone (40% to 60% range) in the coming week if the momentum persists.
To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (24 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.