monday.com IPO Earns 82 RS Rating, Showing Market Leadership

On Friday, monday.com (MNDY) hit a noteworthy performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 78 the day before.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the last 52 weeks matches up against that of all other stocks.

History reveals that the best stocks typically have an 80 or higher RS Rating as they launch their biggest price moves.


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Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock manages to form a chart pattern and break out.

monday.com showed -95% EPS growth last quarter. Sales increased 85%. Keep an eye out for the company’s next round of numbers on or around Jul. 28.

The company holds the No. 64 rank among its peers in the Computer Software-Enterprise industry group. Concentrix Corp (CNXC) and QAD (QADB) are also among the group’s highest-rated stocks.

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