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Energy 2023-07-10: unchanged "Average" strength rating (5th strongest of 9 levels), previous move was up

Brian Degracia

• 1 min read
Energy 2023-07-10: unchanged "Average" strength rating (5th strongest of 9 levels), previous move was up
Energy for the trading week ending 2023-07-10. All sub-industries are clustered around average but for this week three of the six sub-industries strengthened.

Per the graphic below the general movement in Energy is strengthening over the past eight weeks, but not explosively so.

Prior to last week Energy as an industry was flat. Three sub-industries strengthened over the past week: Independent Oil & Gas, O&G Equipment and Services, and O&G Pipelines.

Major Integrated O&G - a closer look at the heavy hitters

Major Integrated O&G has been flat for the past two months - here's a current look at these stocks:

Big names BP, XOM, OXY, and CVX are all currently rated Weaker to Weakest.

Leaders and Laggards

Current strongest and weakest stocks are shown below.

These are of most interest as the downtrodden are prone to large (if perhaps temporary) pops while the strongest have been the ones leading the charge for the sub-industry.

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