On Tuesday, Pony AI stock reached a noteworthy technical benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an improvement to 86, up from 79 the day before. The Chinese-based company provides robotaxi and autonomous vehicles solutions.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves.
Is Pony AI Stock A Buy?
Pony AI stock is trading tightly right at 50-day moving average. While the stock is not near a proper buy zone right now, see if it manages to form and break out of a proper base.
The Chinese autonomous vehicle solutions firm showed 0% EPS growth in its most recent report. Sales increased 12%. Keep an eye out for the company's next round of numbers on or around Aug. 12.
Pony AI stock earns the No. 25 rank among its peers in the Auto/Truck-Original Equipment industry group. Hesai Group ADR, Strattec Security and Visteon are among the top 5 highly rated stocks within the group.
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