E-commerce Jumia Technologies Stock Earns Relative Strength Rating Upgrade

On Wednesday, Jumia Technologies (JMIA) reached a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 93, up from 83 the day before.


When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor’s Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the trailing 52 weeks compares to all the other stocks in our database.

History shows that the best-performing stocks often have an 80 or higher RS Rating at the beginning of a new climb.

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Is Jumia Technology Stock A Buy?

Since hitting a 52-week high of 69.89 in February, Jumia Technologies stock has pulled back and is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could kick off a new price move. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 47%, compared to 0% in the prior report. Revenue increased from -8% to -1%.

The African e-commerce stock earns the No. 26 rank among its peers in the Retail-Internet industry group. Live Ventures (LIVE), Liquidity Services (LQDT) and Shutterstock (SSTK) are among the top 5 highly rated stocks within the group. For more industry news, check out “
Retail Industry News And Stocks To Watch.”


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