Average Distribution: 30.30% (-3.95%)
- 145 Groups (72.86%) are in the Stage 4 zone
- 42 Groups (21.11%) are in the Stage 1 or Stage 3 zone
- 12 Groups (6.03%) are in the Stage 2 zone
The IBD Industry Groups Bell Curve decreased by -3.95% this week to finish at 30.30% overall.
The amount of groups in Stage 4 increased by 17 (+8.5%), and the amount of groups in Stage 2 decreased by 8 (-4%), while the amount groups in Stage 1 or Stage 3 decreased by 9 (-4.5%).
Therefore, the overall distribution of the bell curve has moved further into the Stage 4 zone (Below 40%) and hence the overall weighting remains on the negative side of the spectrum, with almost three quarters of the industry groups with less than 40% of their component stocks on point and figure buy signals, and 12x 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)
Become a Stage Analysis Member:
To see more like this and other premium content, such as the regular US Stocks watchlist, detailed videos and intraday posts, become a Stage Analysis member.
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.