Fiverr International stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 63 to 73.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating of at least 80 as they begin their biggest runs. See if Fiverr International stock can continue to show renewed price strength and hit that benchmark.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Fiverr International Stock A Buy?
Fiverr International stock cleared a cup-with-handle base with 29.20 entry point on Monday, but the stock pulled back 5% on Tuesday amid a market decline. While the stock is not near an ideal buy zone right now, see if it manages to form and break out from a proper chart pattern.
Earnings growth declined in the company's most recent report from 308% to 162%, but sales rose from 5% to 12%. Keep an eye out for the company's next round of numbers on or around Feb. 22.
Fiverr International stock earns the No. 4 rank among its peers in the Retail-Internet industry group. Amazon.com and PDD Holdings ADR are also among the group's highest-rated stocks.
