Coinbase Global stock saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 79 to 84.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating tracks price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
Is Coinbase Global Stock A Buy?
Coinbase Global stock is currently trading in a consolidation. While the financial stock is not near an ideal buying range right now, see if it goes on to form and break out of a proper chart pattern.
The cryptocurrency brokerage platform posted -23% earnings growth in the latest quarterly report. Sales rose 24%.
Coinbase Global stock earns the No. 20 rank among its peers in the Financial Services-Specialty industry group. X Financial ADR, Jiayin Group ADR and Marex Group are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
