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

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Average: 24.53% (-7.93% 2wk)

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

Sample Size: 5126 stocks

The Percentage of US Stocks Above Their 150 day Moving Averages in the 11 major sectors declined a further -7.93% since the previous post on the 9th October 2023, dropping the overall average down to 24.53%, and so it is now heavily weighted in the Weak zone in the lower third 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 2 to 0, and the number of sectors in the Stage 4 zone (Weak – below 40%) increased from 8 to 10.

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: 800 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.