Automotive 2023-12-13: UNCHANGED at AVERAGE strength rating (5th strongest of 9 levels), previous move was UP
1 week 74% positive stocks as RACE, STLA, TM = Strongest Auto stocks.
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, 24% Weakest Stocks.
🔹 STRENGTHENING 1 Week vs. Mid- and Longer-Term // 1 week positive/negative stocks ratio is HIGHER than both 4 weeks and 3 Months (74%/71%/42% positive)
🔹 Sub-industry Overview:
STRONGEST at Strong rating/4th strongest of 9 levels:
- Trucks & Other Vehicles (5 stocks)
WEAKEST at Average rating/5th strongest of 9 levels:
- Auto Manufacturers - Major (17 stocks)
- Auto Parts (26 stocks)
- Recreational Vehicles (14 stocks)
🔹 Lookback Periods Comparison:
3 Months: 16% stocks >+20% and 15% stocks <-20%.
___UP most:
REVG +33% (Recreatnl Veh)
FSS +32% (Recreatnl Veh)
BLBD +26% (Major Mfrs)
CPS +24% (Auto Parts)
HY +24% (Trucks/Other)
___DOWN most:
FSR -77% (Major Mfrs)
GOEV -53% (Major Mfrs)
WKHS -38% (Major Mfrs)
FOXF -38% (Recreatnl Veh)
NIU -29% (Major Mfrs)
4 weeks: 21% stocks >+10% and 11% stocks <-10%.
___UP most:
BLBD +33% (Major Mfrs)
GM +21% (Major Mfrs)
CWH +20% (Recreatnl Veh)
WNC +19% (Trucks/Other)
REVG +18% (Recreatnl Veh)
___DOWN most:
FSR -55% (Major Mfrs)
DOOO -21% (Recreatnl Veh)
NIU -15% (Major Mfrs)
LI -15% (Major Mfrs)
XPEV -12% (Major Mfrs)
1 Week: 5% stocks >+10% and 3% stocks <-10%.
___UP most:
BLBD +24% (Major Mfrs)
REVG +16% (Recreatnl Veh)
CWH +14% (Recreatnl Veh)
SHYF +8% (Trucks/Other)
WNC +8% (Trucks/Other)
___DOWN most:
GOEV -11% (Major Mfrs)
NIU -11% (Major Mfrs)
XPEV -8% (Major Mfrs)
MPAA -8% (Auto Parts)
CAAS -7% (Auto Parts)