Electronics 2023-12-14: UP +1 to STRONG strength rating (4th strongest of 9 levels), previous move was also UP
Chips/Semis/related = crushing it. 1-week 7/8 sub-industries strengthened, 95% stocks positive, 40% stocks >10%.
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
🔹 37% Strongest Stocks, 7% 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 (95%/93%/71% positive)
🔹 Sub-industry Overview:
STRONGEST at Very Strong rating/2nd strongest of 9 levels:
- Printed Circuit Boards (7 stocks)
WEAKEST at Average rating/5th strongest of 9 levels:
- Semiconductor - Specialized (17 stocks)
🔹 Lookback Periods Comparison:
3 Months: 25% stocks >+20% and 6% stocks <-20%.
___UP most:
AMKR +50% (IC Semis)
PLAB +49% (IC Semis)
AMSC +42% (Div Elect)
BELFB +40% (Div Elect)
PI +39% (Div Elect)
___DOWN most:
BW -62% (Div Elect)
MAXN -59% (Spec Semis)
ASYS -47% (Equip/Mtl)
PLUG -44% (Div Elect)
AEHR -36% (Equip/Mtl)
4 weeks: 57% stocks >+10% and 1% stocks <-10%.
___UP most:
RUN +60% (Spec Semis)
SMTC +44% (IC Semis)
SPWR +39% (Spec Semis)
LASR +34% (BroadLine)
PLAB +34% (IC Semis)
___DOWN most:
ASYS -45% (Equip/Mtl)
MEI -5% (Div Elect)
MRAM -5% (Mem Chips)
GEOS -3% (Sci/Tech Inst)
NVDA -2% (Spec Semis)
1 Week: 40% stocks >+10% and 1% stocks <-10%.
___UP most:
PLAB +39% (IC Semis)
MAXN +30% (Spec Semis)
RUN +29% (Spec Semis)
SITM +21% (BroadLine)
AEHR +21% (Equip/Mtl)
___DOWN most:
ASYS -39% (Equip/Mtl)
INTT -8% (IC Semis)
MRAM -5% (Mem Chips)
GEOS -4% (Sci/Tech Inst)
HURC -3% (Sci/Tech Inst)