DigitalOcean (DOCN) stock had its Relative Strength (RS) Rating upgraded from 68 to 75 Monday — a welcome improvement, but still shy of the 80 or better score you look for.

IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.

History shows that the market's biggest winners often have an 80 or higher RS Rating as they begin their largest price moves. See if DigitalOcean stock can continue to show renewed price strength and hit that benchmark.

Can You Really Time The Stock Market?

Is DigitalOcean Stock A Buy?

DigitalOcean stock broke out earlier, but has fallen back below the prior 41.37 entry from a double bottom. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. That's not the case for DigitalOcean. It's currently trading just a hair below its entry point and may be closing in on another buying opportunity.

Earnings growth rose in the company's most recent report from 9% to 18%, but revenue fell from 13% to 12%. The next quarterly results are expected on or around Feb. 20.

DigitalOcean stock holds the No. 18 rank among its peers in the Computer Software-Enterprise industry group. Enfusion (ENFN), Klaviyo (KVYO) and Cloudflare (NET) are among the top 5 highly rated stocks within the group.

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