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Sector Breadth: Percentage of US Stocks Above Their 150 day (30 Week) Moving Averages

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Average: 43.06% (-5.48% 2wks)

  • 1 sector in Stage 2 zone (Utilities)
  • 5 sectors in Stage 1 / 3 zone (Consumer Staples, Industrials, Basic Materials, Consumer Discretionary, Communication Services)
  • 5 sectors in Stage 4 zone (Health Care, Technology, Energy, Real Estate, Financials)

Sample Size: 5231 stocks

The Percentage of US Stocks Above Their 150 day Moving Averages in the 11 major sectors remains completely within the middle range. But with a weighting towards the lower end of the range.

There has been a decline of -5.48% since the previous post on the 17th April 2023, moving the overall average to 43.06%. Which although moving lower, it is still within the Neutral range, and is equivalent to either Stage 1 or Stage 3, which are both range-bound environments.

Sector changes: The sectors in the Stage 2 zone (Above 60%) decreased from 2 to 1. The sectors in the Stage 1 / 3 zone (40% to 60% range) decreased from 6 to 5, and the number of sectors in the Stage 4 zone (Below 40%) increased from 3 to 5.

The table below shows the short-term changes in the Percentage of US Stocks Above Their 150 day Moving Averages since the close on Friday 21st April, with only three sectors gaining led by Consumer Staples. But the biggest moves this week were on the downside with Technology and Utilities both losing more than -6% of their stocks, followed by Basic Materials at -5.17%.

Sector Breadth Table – Ordered by Relative Strength

Sector Breadth Charts (Members Only)

Below is the charts for the 11 sectors showing back to late 2018. Which gives a very clear picture of the overall health of each sector and the market as a whole.

(Technology chart shown as an example for non-members – Sample size: 822 stocks from the Technology sector, which is the second largest group)

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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.