The Relative Strength (RS) Rating for Meta Platforms (FB) climbed to 71 Thursday, up from 65 the day before. The rating hike comes as the FANG stock, formerly known as Facebook, continues to grow at a fast pace, putting up double- and sometimes triple-digit profit and sales numbers. Meta stock slid 2% Thursday amid a tech sector rout.
The revised 71 RS Rating means that Meta stock has outperformed 71% of all stocks over the past year. It’s a good but not a great number. Market research shows that stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Meta Platforms can continue to show renewed price strength and clear that threshold.
Meta Stock’s Other Ratings Are Outstanding
Its other key ratings tell a more bullish story. Its 95 EPS Rating puts it in the top 5% of all stocks, regardless of industry group, for recent and long-term profit growth. And its 90 Composite Rating confirms its status as a top-rated growth stock.
The Composite Rating combines five separate proprietary IBD ratings, based on key fundamental and technical criteria, into one easy-to-use score. The best growth stocks have a Composite Rating of 90 or better.
One yellow flag is its C- Accumulation/Distribution Rating, on an A+ to E scale. That indicates that institutional investors are selling slightly more than buying its shares.
Meta stock is working on a consolidation with a 384.43 entry. See if the stock can break out in volume at least 40% above average.
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