Energy 2023-12-05: UNCHANGED at AVERAGE strength rating (5th strongest of 9 levels), previous move was DOWN

Major Integrated O&G sub-industry WEAKENED to Weak, XOM and CVX both rated Weakest, 1 month YPF +69%, NFE +39%.

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

🔹 20% Strongest Stocks, 20% 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 (35%/37%/31% positive)

🔹 Sub-industry Overview:
STRONGEST at Stronger rating/3rd strongest of 9 levels:

• Oil & Gas Pipelines (27 stocks)

WEAKEST at Weaker rating/7th strongest of 9 levels:

• Oil & Gas Drilling & Exploration (4 stocks)
• Oil & Gas Equipment & Services (33 stocks)

🔹 Lookback Periods Comparison:
3 Months: 4% stocks >+20% and 18% stocks <-20%.

___UP most:
SMLP +41% (Pipelines)
NGS +32% (Equip/Serv)
YPF +25% (Mj Integrtd)
VIST +24% (Independt)
DKL +23% (Pipelines)

___DOWN most:
POET -75% (Drill/Explr)
NINE -55% (Equip/Serv)
BPT -51% (Independt)
EPM -33% (Independt)
NBR -32% (Equip/Serv)

4 weeks: 5% stocks >+10% and 8% stocks <-10%.

___UP most:
YPF +69% (Mj Integrtd)
NFE +39% (Pipelines)
CLMT +29% (Refin/Mktg)
VIST +20% (Independt)
GLP +18% (Refin/Mktg)

___DOWN most:
POET -24% (Drill/Explr)
CRK -20% (Independt)
AR -19% (Independt)
NINE -18% (Equip/Serv)
BPT -17% (Independt)

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

___UP most:
ETRN +11% (Pipelines)
PSX +8% (Refin/Mktg)
TUSK +8% (Equip/Serv)
GLP +7% (Refin/Mktg)
DNOW +7% (Equip/Serv)

___DOWN most:
POET -21% (Drill/Explr)
SSL -12% (Mj Integrtd)
PBT -8% (Independt)
SJT -8% (Independt)
KOS -8% (Independt)