Stone (STNE, $13.81) Breaks into a Weekly Bullish Trend: Is an Uptrend Continuation in Store?
StoneCo Ltd (STNE) has caught the attention of traders and investors alike with its winning streak extending for a consecutive week. The stock is predicted to grow by 2% to $14.09 or more within the next week. A.I.dvisor predicts the continuation of an Uptrend, with the odds of an Uptrend continuation at 83%.
Correlation with PAGS:
Over the last year, A.I.dvisor has found that STNE has been closely correlated with PAGS. These two tickers have moved in lockstep 80% of the time. This indicates that there is a high probability that if STNE jumps, PAGS could also see price increases.
Reasons for the Predicted Uptrend:
There are several factors contributing to the predicted Uptrend for STNE. Firstly, the company has a solid financial position with a market capitalization of $3.29 billion. Additionally, StoneCo's revenue has been consistently growing, with a 20.9% increase in 2021 compared to the previous year. Moreover, STNE's earnings per share have grown by 10.6% over the past three years. These financial metrics indicate the potential for the company to continue to perform well.
Risks and Considerations:
Despite the predicted Uptrend, it's important to consider the risks and uncertainties. The global pandemic and related economic downturns could potentially affect the company's performance. Additionally, STNE operates in a highly competitive market, with the likes of PayPal and Square also competing for market share. Investors should carefully weigh these factors before making any investment decisions.
STNE has demonstrated its potential for growth with its consistent financial performance, which is predicted to continue with the upcoming Uptrend. Although there are risks to consider, the stock has captured the attention of traders and investors with its promising prospects. With the potential for an Uptrend continuation and the correlation with PAGS, STNE could be a worthwhile addition to a trading portfolio.
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STNE's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Indicator for STNE moved out of overbought territory on May 18, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 instances where the indicator moved out of the overbought zone. In of the 33 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on STNE as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for STNE turned negative on May 19, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where STNE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 50-day moving average for STNE moved above the 200-day moving average on May 08, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where STNE advanced for three days, in of 267 cases, the price rose further within the following month. The odds of a continued upward trend are .
STNE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 211 cases where STNE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. STNE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.468) is normal, around the industry mean (31.306). STNE's P/E Ratio (1666.667) is considerably higher than the industry average of (168.128). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.122). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (2.049) is also within normal values, averaging (70.523).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. STNE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a financial technology solutions provider
Industry PackagedSoftware
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STNE and
Correlation & Price change
A.I.dvisor indicates that over the last year, STNE has been closely correlated with PAGS. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if STNE jumps, then PAGS could also see price increases.
| Ticker / NAME | Correlation To STNE | 1D Price Change % | ||
|---|---|---|---|---|
| STNE | 100% | +2.12% | ||
| PAGS - STNE | 77% Closely correlated | -3.45% | ||
| COIN - STNE | 51% Loosely correlated | +7.47% | ||
| FOUR - STNE | 51% Loosely correlated | -1.92% | ||
| SQ - STNE | 50% Loosely correlated | -0.27% | ||
| U - STNE | 50% Loosely correlated | +3.87% | ||
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