Average Distribution: 39.27% (+0.66% 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 advanced slightly by 0.66% to finish the week at 39.27%.
The amount of groups in Stages 1,2,3 and 4 remained unchanged, although there were internal shifts within each Stage, which can be seen by comparing to the previous weeks bell curve diagram.
Therefore, the overall distribution of the bell curve remains to left of the middle, but still remains below the 40% level, and hence is still slightly weighted in the Stage 4 zone currently, but it is on the borderline with the Stage 1 zone (between 40% to 60%), and so would get a Neutral- rating currently.
To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (31 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.