Media 2023-09-18: Unchanged at WEAK strength rating (6th strongest of 9 levels), previous move was DOWN
SUMMARY
Performance
Bottom Line: weakened 2 levels in 7 weeks
Context: 1 week positive/negative stocks ratio is STRONGER than both 6 Mos and 4 weeks
Other Notes:
- AMC has had rough 6 months and 4 weeks periods but managed to avoid imploding further over the past week.
Background
Material of 9 sub-industries (56 stocks total, average 6 stocks/sub-industry):
13 stocks Broadcasting - TV
12 stocks CATV Systems
10 stocks Entertainment - Diversified
10 Biggest Market Cap stocks:
CMC, DIS, SPGI, CHTR, SPOT, FWONA, LYV, LBTYK, SIRI, FOXA
DETAIL: 1 Week Performance Review
Status
Strengthened: 0/9 sub-industries
Weakened: 3/9 sub-industries
Strongest at Average rating/5th strongest of 9 levels:
12 stocks CATV Systems
10 stocks Entertainment - Diversified
2 stocks Movie Production
4 stocks Publishing - News
Weakest at Weakest rating/9th strongest of 9 levels:
4 stocks Advertising Services
2 stocks Marketing Services
Detail Charts: Sub-Industry and Stock
10-Week Week-by-Week Industry/Sub-industry Strength Comparison
What: recent week-by-week strength changes for the industry and each underlying sub-industry
Why: objective measurement of strengthening and weakening enabling comparison within and across industries and sub-industries
Strongest and Weakest Stocks
What: stocks currently rated Strongest/Weakest (highest/lowest of 9 strength ratings)
Why: most interesting stocks for available capital because
- the Strongest may be meme-stock mania candidates prone to breakouts, and
- the Weakest may be prone to large bottom-fishing/short-covering-driven pops... and may also be primed for bigger and faster falls.
(Not guaranteed and not a recommendation - weak stocks in weakening sub-industries may be better shorts than high-flyers.)
DETAIL: Lookbacks 6 Mos vs. 4 weeks vs. 1 Week
6 Mos Lookback
4 weeks Lookback
1 Week Lookback
