Metals & Mining 2023-12-05: UNCHANGED at AVERAGE strength rating (5th strongest of 9 levels), previous move was UP
Metals/Mining stocks tracking Gold? Let's see. Gold sub-industry WEAKENED to Average, Strongest rated = EGO, KGC, AGI.
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
🔹 22% Strongest Stocks, 21% Weakest Stocks.
🔹 WEAKENING 1 Week vs. Mid- and Longer-Term // 1 week positive/negative stocks ratio is LOWER than both 4 weeks and 3 Months (41%/81%/60% positive)
🔹 Sub-industry Overview:
STRONGEST at Stronger rating/3rd strongest of 9 levels:
- Nonmetallic Mineral Mining (3 stocks)
WEAKEST at Very Weak rating/8th strongest of 9 levels:
- Copper (2 stocks)
🔹 Lookback Periods Comparison:
3 Months: 16% stocks >+20% and 12% stocks <-20%.
___UP most:
METC +118% (Nonmet Mining)
AMR +39% (Indust Mt/Mn)
HCC +38% (Indust Mt/Mn)
SILV +37% (Silver)
EGO +34% (Gold)
___DOWN most:
LAC -67% (Indust Mt/Mn)
LTHM -40% (Indust Mt/Mn)
MP -26% (Indust Mt/Mn)
EXK -26% (Silver)
MTA -24% (Gold)
4 weeks: 38% stocks >+10% and 4% stocks <-10%.
___UP most:
METC +54% (Nonmet Mining)
AMR +44% (Indust Mt/Mn)
GSM +32% (Indust Mt/Mn)
FSM +31% (Silver)
SILV +30% (Silver)
___DOWN most:
LAC -14% (Indust Mt/Mn)
FNV -12% (Gold)
LTHM -10% (Indust Mt/Mn)
LEU -7% (Indust Mt/Mn)
SSRM -6% (Silver)
1 Week: 3% stocks >+10% and 1% stocks <-10%.
___UP most:
NVRI +15% (Steel/Iron)
GSM +14% (Indust Mt/Mn)
IIIN +8% (Steel/Iron)
AMR +8% (Indust Mt/Mn)
CEIX +7% (Nonmet Mining)
___DOWN most:
EXK -13% (Silver)
FNV -9% (Gold)
UUUU -9% (Indust Mt/Mn)
MTA -9% (Gold)
SA -6% (Gold)