RE: Stage Analysis Beginners Questions
(2019-11-22, 02:45 PM)Nerraw Wrote: Next, and this is the part which I am unsure of, we should go through the charts for each industry in this sector? For example, if the sector is Healthcare, we have to go through the charts for the sub-industries in Healthcare such as Biotechnology, Pharmaceuticals, Medical Equipments, etc etc and then pick the sub-industry or industries with the best chart action?
And from here, we then go through each stock within the selected sub-industry, right, and pick the best stock with the best chart action?
My question is: where can we find all these charts for the sub-industries? Is there a resource which we can go to?
Hi Nerraw, good question and welcome to the site.
Drilling down into the sub-sectors can be tricky, but there are a few resources out there that can help. The one I've always found most useful is on stockcharts and can be found at US Industry Summary
This has drop down options to change between the day, week, month, three month etc. So that you can see which sectors are performing the best over different time periods. Then if you click on the name of the sector it will take you to another page that has all of the stocks listed in that sector, and you can change the time period again and see which of those are performing the best over different time periods. For example attached is the Travel and Tourism Sub Sectors stocks performance over the last month.
I hope that helps.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.