On Thursday, dLocal hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 87 the day before.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating of at least 80 at the beginning of a new climb.
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dLocal is building a cup with handle with a 13.66 entry. See if it can break out in heavy trading.
Earnings growth dropped last quarter from 0% to -6%. But revenue gains moved higher, from 6% to 13%. Look for the next report on or around Feb. 27.
The company holds the No. 8 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments, Paymentus Holdings and Cantaloupe are among the top 5 highly rated stocks within the group.
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