The Relative Strength (RS) Rating for DoorDash stock moved up into a new percentile Monday, as it got a lift from 70 to 75.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating of over 80 as they launch their largest runs. See if DoorDash stock can continue to rebound and clear that threshold.
See How IBD Helps You Make More Money In Stocks
Is DoorDash Stock A Buy?
DoorDash stock is working on a cup without handle with a 70.23 buy point. See if it can clear the breakout price in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The delivery service company reported 0% earnings growth in its most recent report. Revenue gains came in at 40%.
DoorDash stock earns the No. 21 rank among its peers in the Retail-Internet industry group. Shutterstock and PDD Holdings ADR are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
