US Industry Groups by Highest RS Score
Automobiles ($DJUSAU) moves to the top of the RS rankings for the first time for a few years, although multiple of the groups laggards had heavy declines this week on the market pullback. So it remains a mixed group overall, with some stocks rallying strongly in Stage 2, while others continue to hit new lows in Stage 4. TSLA continues to be the main driver of the group though, and is now three weeks into a new Stage 2 advancing phase. Stage Analysis Technical Attributes (SATA) chart shown below – which you'll soon be able to see for all US stocks on the Stage Analysis website.
US Industry Groups by Weakest RS Score
Aluminium ($DJUSAL) moves to then bottom of the RS rankings with its lowest weekly close for two years, displacing Coal ($DWCCOA) which had been on the bottom of the rankings for the last month.
US 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.