On Wednesday, Freshworks Cl A cleared a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 87 the day before.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
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Freshworks Cl A has risen more than 5% past a 17.66 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 38%, compared to 14% in the prior report. Revenue increased from 20% to 22%. The next quarterly numbers are expected on or around Feb. 11.
The company earns the No. 12 rank among its peers in the Computer Software-Enterprise industry group. Enfusion, Samsara and Klaviyo are among the top 5 highly rated stocks within the group.
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