The Relative Strength (RS) Rating for DigitalOcean stock climbed into a new percentile Thursday, as it got a lift from 68 to 71.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the market's biggest winners often have an 80 or better RS Rating as they launch their largest price moves. See if DigitalOcean stock can continue to rebound and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
Is DigitalOcean Stock A Buy?
DigitalOcean stock is building a cup with handle with a 40.29 buy point. See if the tech stock can break out in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth fell in the most recent report from 57% to 54%. But revenue gains moved higher, from 11% to 12%.
DigitalOcean stock holds the No. 12 rank among its peers in the Computer Software-Enterprise industry group. Magnite, Palantir Technologies and WalkMe are among the top 5 highly rated stocks within the group.
