Anyone familiar with stock market screeners will know that shares in Kainos (LON:KNOS) have been in an uptrend in recent months, with strong relative price strength on a 1-month, 6-month and 12-month basis.
Knowing exactly what drives relative strength in share prices (as well as how to find shares with good strength) can help you find profitable trading ideas.
Kainos's (LON:KNOS) recent share price performance
In terms of relative price strength the stock has performed well against the market over the past year:
- 1 Month: 10.6%
- 6 Months: 15.6%
- 12 Months: 60.9%
Why does that matter? Relative strength is a useful tool for technical traders and investors, providing an instant measure of how a stock has performed in comparison with a benchmark.
Finding shares with a given relative price against your local share index is best done with a screening tool, which helps you discover shares you may have never heard of.
Kainos is currently among the stocks with the strongest six-month and one-year relative price strength in the market. A look at its StockReport could offer more insight into what’s driving the momentum in its share price - and whether that might continue.
To find more stocks like Kainos, you'll need to equip yourself with professional-grade data and screening tools. This kind of information has traditionally been closely guarded by professional fund managers. But our team of financial analysts have carefully constructed this screen - Stockopedia’s Price Momentum - which gives you everything you need. So why not come and take a look?