US Stocks Industry Groups Relative Strength Rankings

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US Industry Groups by Highest RS Score

The top 3 of the Relative Strength rankings remained unchanged for a second week, with Automobiles ($DJUSAU), Recreational Services ($DJUSRQ), Semiconductors ($DJUSSC) leading. But of note was the drop off in the Home Construction ($DJUSHB) group, which has been one 2023s most consistent Stage 2 advances, but almost all of the stocks in the group ended the week in the red after many hit 52 week highs the prior week once more. So it isn't a change of behaviour yet, as it is only a single week pullback to the short-term MAs. But because it's a leading group, its worth keeping tabs on, even if not trading it for clues about the market health.

Oil Equipment & Services ($DJUSOI) was this weeks strongest mover, rising +37 RS points to 27th place overall with strong moves in multiple stocks in the group. For example SLB, HAL, RIG, which would all currently be considered in Stage 3, but if the group strength turns out to be more than a one week wonder, then there's potential for multiple stocks in the group to return to Stage 2.

US Industry Groups by Weakest RS Score

At the bottom end of the rankings, Aluminium ($DJUSAL) continues to hold bottom spot. But of note this week was that Footwear ($DJUSFT) has dropped into the bottom 10, and is down -88 RS points in the last 12 weeks.

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 videoas 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.