SMO Exclusive: Strength Report Industry Group 1 2024-11-05

Brian Degracia

06 Nov 2024 • 3 min read

Industry Group 1 STRENGTHENED by 0.3 points to a just-above average composite score of 4.8, with one of five industries strengthening enough to change rating. Energy strengthened one rating to 5Average, leaving Automotive as the lone below-average industry at 6Weak. Residential Construction (Homebuilders) in Materials & Construction was unchanged at 4Strong. Gold in Metals & Mining fell to 3Stronger from 2VeryStrong.

If you are interested in stacking strength as much as possible at the stock, sub-industry, industry, sector, and market levels, this report is for you. Below: the as of/for the week ending 11/05/24 Stock Market Organizer Industry Group 1 Strength Report, which covers the Automotive, Energy, Materials & Construction, Metals & Mining, and Transportation industries.

This industry grouping strengthened slightly over the past week by +0.3 to a 4.8 weighted average strength rating. Much more detail in the attached including a segmenting by sub-industry of the Strongest and Weakest (in Stock Market Organizer parlance) stocks.

Metals & Mining and Materials & Construction are leading this grouping at 4Strong. Energy strengthened by one strength rating and is now 5Average, leaving Automotive as weakest-rated in this industry grouping with a 6Weak rating.