Even though tech stocks have been in the spotlight, other parts of the market are also doing well. Below we look at three sectors that beat the S&P 500 over the past month and show why their charts look promising.
Here is a simple table that compares one‑month returns for all eleven S&P 500 sectors against a few key benchmarks.
Technology still leads the pack, but five other sectors also outperformed the index. Using a chart‑screening tool, we spotted three stocks that show solid relative strength and could help you spread risk beyond tech.
Elevance Health (ELV)
Health care has matched tech’s gains since mid‑May. The ELV chart recently fell to its 21‑day exponential moving average (EMA), a level many traders use as a short‑term stop.
The stock is in an uptrend, making higher highs and higher lows. After breaking a three‑month high in May, it pulled back on Wednesday and tested the 21‑day EMA. If the price holds above that line next week, the dip could be just a temporary pullback within a broader rise.
Goldman Sachs (GS)
The financial sector also beat the S&P 500. Goldman Sachs bounced higher on Friday after testing the same 21‑day EMA level.
The chart shows a clear breakout. Important price zones sit near $950‑$1,000, where the 50‑day moving average is climbing. The RSI has stayed above 50 since March, indicating steady momentum. If the stock keeps this strength, it could push to new highs.
Monster Beverage (MNST)
Even a modest consumer‑staples name can shine. Monster Beverage’s chart displays strong price action and good momentum after an earnings jump in early May.
The stock follows three simple rules for a bullish chart:
- Higher highs and higher lows with moving averages trending up.
- Momentum stays positive, shown by an RSI above 40 on pullbacks.
- Relative performance beats the S&P 500.
These examples show how a quick visual checklist can help you spot stocks that might keep rising while the market moves.
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