SentinelOne (S) stock saw a significant increase in its Relative Strength (RS) Rating on Monday, rising from 67 to 79.
When searching for the best stocks to invest in, it is important to pay attention to relative price strength.
The RS Rating, a unique measure by IBD, evaluates a stock's technical performance by comparing its price movement over the past 52 weeks to that of other stocks in our database.
Decades of market research have shown that stocks with an RS Rating of 80 or higher tend to experience the largest gains as they begin their upward trajectory. It remains to be seen if SentinelOne stock can maintain its renewed price strength and surpass this threshold.
Should You Buy SentinelOne Stock?
Currently, SentinelOne stock is not in an ideal buy zone. However, it is worth monitoring to see if this cybersecurity stock can form and break out of a proper chart pattern. For more tips, read "".
In the last quarter, the cybersecurity company reported 0% earnings growth, while its revenue increased by 46%.
Among its peers in the Computer Software-Security industry group, SentinelOne stock holds the No. 15 rank. Other highly-rated stocks in this group include Palo Alto Networks (PANW) and Qualys (QLYS).