Average Distribution: 41.85% (+2.58% 1wk)
- 88 Groups (44%) are in the Stage 4 zone
- 79 Groups (39.50%) are in the Stage 1 or Stage 3 zone
- 33 Groups (16.5%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve advanced slightly for a fourth week by +2.58% to finish the week at 41.85%.
The amount of groups in Stage 4 decreased by 19 (-9.5%), and the amount of groups in Stage 2 increased by 9 (+4.5%), while the amount groups in Stage 1 or Stage 3 decreased by 10 (-5%).
Therefore, the overall distribution of the bell curve remains to left of the middle, but has recovered above the 40% level, and so now is slightly weighted into the Stage 1 zone and which would give it a Neutral- rating currently.
To compare against the previous blog post: IBD Industry Groups Bell Curve – Bullish Percent (6 April 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.