When compiling your watch list, seek for stocks with an RS Rating of 80 or above. Mobileye Global (MBLY) is one stock that has just passed the mark, achieving a score of 83.
When searching for the finest stocks to purchase and monitor, one important thing to consider is relative price strength.
IBD’s patented RS Rating measures technical performance on a scale of 1 (worst) to 99 (best), indicating how a stock’s price performance over the previous 52 weeks compares to the rest of the market.
Decades of market research have shown that the best-performing stocks often have an RS Rating of more than 80 in the early stages of their rise.
Is Mobileye Global Stock a Good Investment?
Mobileye Global’s stock has risen more than 5% from a 31.88 entrance in a first-stage ipo base, indicating that it has moved out of a suitable buy area. Look for a fresh buying opportunity, such as a three-week tight or a drop to the 50-day or 10-week moving average.
In its most recent report, the chipmaker for autonomous cars recorded -7% profit growth and 16% revenue increase.
In the Electronics-Semiconductor Fabless industry group, Mobileye Global stock is ranked seventh. Lattice Semiconductor (LSCC) and NVIDIA (NVDA) are also among the top-rated companies in the category.