24/7 Wall St. has partnered with The Chart Lab to bring exclusive technical analysis which is identifying what are currently the weakest and strongest stock charts of the energy sector from the S&P 500 Index on a year-to-date basis. A 5 is generally listed as the strong buy rating in technical analysis, while a 1 indicates a sell rating. As you would expect these chart signals can change daily or in the coming days.
In this chart using the ChartLab Pro methodology we are showing the top 5 strongest and weakest energy stocks based on the close of April 16th. Cumulatively the top 5 names have outperformed the weakest 5 year to date by 28.92% and 12.79% Month to date. The rankings are not picked by the stocks returns, they are chosen by their technical strength under the ChartLab Pro methodology.
The 5 strongest charts in the energy sector are Williams Companies, Inc. (NYSE: WMB), El Paso Corporation (NYSE: EP), Pioneer Natural Resources Co. (NYSE: PXD), ConocoPhillips (NYSE: COP), and Diamond Offshore Drilling, Inc. (NYSE: DO).
The 5 weakest charts in the energy Baker Hughes, Inc. (NYSE: BHI), Chesapeake Energy Corporation (NYSE: CHK), Cabot Oil & Gas Corporation (NYSE: COG), Southwestern Energy Co. (NYSE: SWN), and Newfield Exploration Co. (NYSE: NFX).
The infographic below is generated by Chartlabpro.com.