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

The full post is available to view by members only. For immediate access:

Average: 36.25% (-6.86% 4wk)

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

Sample Size: 5134 stocks

The Percentage of US Stocks Above Their 150 day Moving Averages in the 11 major sectors has continued to deteriorate over the last month, and has fallen a further -6.86% since the previous post on the 28th August 2023, taking the overall average down to 36.25%, and so has entered the Weak zone in the lower middle of the field.

Sector changes: The sectors in the Stage 2 zone (Strong – above 60%) was unchanged at 1. The sectors in the Stage 1 / 3 zone (Neutral – 40% to 60% range) decreased from 6 to 2, and the number of sectors in the Stage 4 zone (Weak – below 40%) increased from 4 to 8.

Sector Breadth Table – Ordered by Relative Strength

The table below shows the short-term changes in the Percentage of US Stocks Above Their 150 day Moving Averages

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: 803 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.