Utilities Weaker 2023-03-21 with pandemic era 4- and 8-week context

Brian Degracia

22 Mar 2023 • 3 min read

Utilities is currently weaker and has weakened over the past week.

Utilities stocks aren't exciting and they are worse when they aren't going up. As shown in the following graphic, they have been weak over the past four weeks and are not well at the moment. Gas Utilities is slightly less weak than the other sub-industries but this is immaterial.

The strengthening during the weeks ending 3/15/23 and 3/8/23 has been reversed by weakness during this past week ending 3/22/23.

Current view 4-week look back

Below is a summary of the currently strongest and weakest in Utilities. Otter Tail Corp./OTTR is the only Utility stock with the Strongest rating. Conversely, there are 43 Utilities stocks with the weakest rating.

Otter Tail Corp. stands alone, both in name and in current strength.

Downloadable report with stock-by-stock detail is available here:

SMO Utilities 2023 03 22

SMO Utilities 2023-03-22.pdf

1 MB

Context - March 23, 2020 4-week look back (pandemic decline)

Below is a summary of the strongest and weakest Utilities stocks during the week ending March 23, 2020. Spoiler alert: there were no Utilities stocks with the strongest rating. Below are 24 stocks which had the Weakest rating.

At March 23, 2020 there were no stocks with the Strongest rating and 24 with the weakest rating.

Additionally, there were 42 stocks that had the second weakest rating, shown below.

There were even more stocks with the second weakest rating.

66 of 72 (92%) Utilities stocks had the Weakest or Very Weak ratings as of March 23, 2020. Per the previous graphic, none had the Strongest rating.

While weak stocks can certainly get weaker, when 92% of the stocks in an industry have the weakest or second-weakest strength rating, it is fair to ask how much lower they all can get. Stock Market Organizer uniquely provides this perspective and insight which can help answer this question.

Downloadable report with stock-by-stock detail is available here:

SMO Utilities 2020 03 23 4 week look back

SMO Utilities 2020-03-23 4 week look back.pdf

1 MB

Context - March 23, 2020 8-week look back (pandemic decline)

The full pandemic decline is shown in this 8-week look back. Since this is shown on a spectrum of possibilities from strongest to weakest, the degeneration is clear in a different manner than what a price chart would show. A price chart would not objectively tell you the answer to the question "how low is low?" This perspective does.

The 8-week period ended at the opposite end of the strength spectrum from where it started.

Downloadable report with stock-by-stock detail is available here:

SMO Utilities 2020 03 23 8 week look back

SMO Utilities 2020-03-23 8 week look back.pdf

2 MB

Current view 4-week look back

Context - March 23, 2020 4-week look back (pandemic decline)

Context - March 23, 2020 8-week look back (pandemic decline)

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