Utilities 2023-10-23: UNCHANGED at WEAKER strength rating (7th strongest of 9 levels), previous move was UP

Brian Degracia

23 Oct 2023 • 1 min read

Utilities Industry UNCHANGED trading week ended 2023-10-23. 0/5 sub-industries strengthened and 2/5 sub-industries weakened.

Utilities remains brutal. Only 8% positive stocks during the past week. 84% of industry stocks are rated Weakest.

Full details in downloadable report linked below.

SMO Utilities 2023-10-23 Final

SMO Utilities 2023-10-23 Final.pdf

2 MB

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.

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