DoubleVerify Stock Plots Strong Relative Strength Line Amid Netflix Deal



DoubleVerify
DV
$ 28.58
$0.02
0.07%
67%
IBD Stock Analysis
- Shares currently hover in a flat base with a buy point of 30.02
- Both Composite and Relative Strength ratings are 92 out of 99
- Company launched its IPO in April 2021 with shares priced at 27
Composite Rating
92/99
Industry Group Ranking
107/197
Emerging Pattern
Flat Base
*
DoubleVerify (
DV) is the
IBD Stock of the Day as the player in digital advertising gets a boost from
Netflix's (
NFLX) new ad-supported video streaming service. DV stock has neared an entry point, though investors should be cautious amid volatility in technology companies.
New York City-based DoubleVerify provides digital media measurement and data analytics. The company designs verification technology to help reduce ad fraud. It also promises to ensure placement of ads in safe and suitable environments for brands.
DoubleVerify stock holds an entry point of 30.02 from a flat base. It approached that buy point today, then pulled back a bit along with the Nasdaq composite.
While DV stock has retreated about 14% in 2022, its
relative strength line remains strong.
The RS line, drawn in blue on every IBD daily stock chart and weekly chart at
Investors.com, compares a stock's price performance with the S&P 500. If the line slopes higher, it means the stock is outperforming the S&P 500, a market benchmark. When it moves sideways, it's more or less in line with the S&P 500 and when it's sloping downward, it's underperforming.
DoubleVerify's Relative Strength Rating stands at 92, according to
IBD Stock Checkup.
In addition, DoubleVerify stock has an Accumulation/Distribution Rating of B