Automotive 2023-12-06: UP +1 to AVERAGE strength rating (5th strongest of 9 levels), previous move was also UP

What's up in TSLA land? STLA, TM, RACE Strongest Auto stocks, F in Weakest, FSR -21%/-65% 1/4-weeks.

Full details at downloadable file linked below.

What are you seeing here and why do you care? Partial listing:

🔹 An objective measurement of industry strengthening and weakening so you can objectively compare strength and weakness across/within industries and sub-industries.

🔹 A listing of stocks rated Strongest and Weakest (highest/lowest strength of 9 levels) by sub-industry, saving you significant time finding stocks that may be prone to making bigger moves faster. Stronger stocks have less overhead resistance, Weaker stocks are prone to “pops” from bargain hunting and short-covering yet due to preceding weakness are also prone to falling far and fast.

Details

🔹 23% Strongest Stocks, 34% Weakest Stocks.

🔹 Mixed/WEAKENING 1 Week vs. Mid- and Longer-Term // 1 week positive/negative stocks ratio is LOWER than 4 weeks but HIGHER than 3 Months (74%/87%/29% positive)

🔹 Sub-industry Overview:
STRONGEST at Strong rating/4th strongest of 9 levels:

• Trucks & Other Vehicles (5 stocks)

WEAKEST at Weak rating/6th strongest of 9 levels:

• Recreational Vehicles (14 stocks)

🔹 Lookback Periods Comparison:
3 Months: 6% stocks >+20% and 18% stocks <-20%.

___UP most:
STLA +24% (Major Mfrs)
REVG +22% (Recreatnl Veh)
MPAA +22% (Auto Parts)
FSS +21% (Recreatnl Veh)
RACE +20% (Major Mfrs)

___DOWN most:
FSR -77% (Major Mfrs)
GOEV -52% (Major Mfrs)
FOXF -41% (Recreatnl Veh)
WKHS -38% (Major Mfrs)
SHYF -30% (Trucks/Other)

4 weeks: 34% stocks >+10% and 6% stocks <-10%.

___UP most:
MOD +22% (Auto Parts)
MPAA +21% (Auto Parts)
QS +21% (Auto Parts)
GM +19% (Major Mfrs)
CWH +18% (Recreatnl Veh)

___DOWN most:
FSR -65% (Major Mfrs)
KNDI -20% (Major Mfrs)
DOOO -14% (Recreatnl Veh)
CPS -12% (Auto Parts)
LI -9% (Major Mfrs)

1 Week: 5% stocks >+10% and 5% stocks <-10%.

___UP most:
BLBD +12% (Major Mfrs)
WNC +11% (Trucks/Other)
SUP +11% (Auto Parts)
QS +10% (Auto Parts)
NIO +8% (Major Mfrs)

___DOWN most:
FSR -21% (Major Mfrs)
DOOO -13% (Recreatnl Veh)
GOEV -13% (Major Mfrs)
CPS -9% (Auto Parts)
LI -6% (Major Mfrs)