On Tuesday, nCino stock got a positive adjustment to its Relative Strength (RS) Rating, from 70 to 73.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their largest climbs. See if nCino stock can continue to show renewed price strength and hit that benchmark.
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Is nCino Stock A Buy?
nCino stock broke out earlier, but has fallen back below the prior 35.83 entry from a cup without handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form. Also keep in mind that the latest consolidation is a later-stage base, and such bases are more prone to failure.
Earnings growth increased in the company's latest report from 0% to 425%, but the top line fell from 16% to 13%.
nCino stock holds the No. 14 rank among its peers in the Computer Software-Financial industry group. Coinbase Global, AvidXchange and Vertex are among the top 5 highly rated stocks within the group.
