Average Distribution: 36.53% (-2.94%)
- 123 Groups (61.81%) are in the Stage 4 zone
- 55 Groups (27.64%) are in the Stage 1 or Stage 3 zone
- 21 Groups (10.55%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve decreased by -2.94% this week to finish at 36.53% overall.
The amount of groups in Stage 4 increased by 15 (+7.5%), and the amount of groups in Stage 2 decreased by 11 (-5.5%), while the amount groups in Stage 1 or Stage 3 decreased by 4 (-2%).
Therefore, the overall distribution of the bell curve has dropped back into the Stage 4 zone (Below 40%) and so the overall weighting is on the negative side of the spectrum, with almost two thirds of the groups with less than 40% of their component stocks on point and figure buy signals, and 5.85x as many groups in the Stage 4 zone than Stage 2 zone.
Below is the Bell Curve line chart and 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.