Kyndryl Holdings stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 61 to 83.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest climbs.
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Is Kyndryl Holdings Stock A Buy?
Kyndryl Holdings stock is building a consolidation with a 28.60 buy point. See if the compute software stock can break out in heavy volume. Note that it's a third-stage base. Later-stage patterns can work, but have a higher failure rate since, by that point, the stock has already made a significant climb..
Earnings-per-share growth decreased last quarter from 1,200% to 0%, but sales rose from -11% to -7%.
Kyndryl Holdings stock holds the No. 44 rank among its peers in the Computer Software-Enterprise industry group. monday.com, ServiceNow and Palantir Technologies are among the top 5 highly rated stocks within the group.
