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The S&P 400 is top-ranked for relative strength among the US Indices.
RSV of US Indices
The S&P 400 is atop the relative rankings.
Cycles Research Investments LLC
Within this mid-cap index, stocks are screened for relative strength and for seasonality. The second ranked equity is Five Below. We see higher lows in momentum and strong relative strength in the daily graph. The weekly and the monthly charts are also constructive. From late January through late April, the shares have risen in nine of the last ten years. This seasonal strength is already evident in the stock. The $220-$230 area is the next objective.
Five Below Daily
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Relative strength is at new highs.
Cycles Research Investments LLC
Starbucks is top-ranked in the NASDAQ 100. Below we see a monthly histogram of the probability of a rally for each month. March shows an 80% likelihood of higher prices. The rise has averaged +4.5%. From February 21st to June 5th, the stock has risen 77% of the time. The share price is due to rally to the $115 area.
SBUX Monthly Histogram
March has been the strongest month.
Cycles Research Investments LLC
SBUX Daily, Weekly, Monthly
The stock is strong on all time frames.
Cycles Research Investments LLC
