We track 7 stocks in the Financial Technology (Fintech) industry (part of Financial Services), each checked every evening for a base — a stretch where the price moves sideways in a range instead of trending.
As of the latest close, 5 are still building a base; 1 broke out of a base in the last five sessions; and 1 is not in a base we recognise.
The middle stock in this industry has a relative strength reading of 72 out of 99. That reading ranks each stock's price performance over the past year against every stock we track; half of this industry's 5 ranked stocks sit above 72 and half below. 3 stocks have a reading of 70 or higher.
5 of the 6 stocks we could measure (83%) closed above their 200-day average price — the average close over the last 200 trading sessions.