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May 13, 2023

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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Related Ticker: STNE

STNE in downward trend: 10-day moving average broke below 50-day moving average on May 16, 2024

The 10-day moving average for STNE crossed bearishly below the 50-day moving average on May 16, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 14, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on STNE as a result. In of 90 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 15, 2024. 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 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .

STNE moved below its 50-day moving average on May 14, 2024 date and that indicates a change from an upward trend to a downward trend.

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 .

The Aroon Indicator for STNE entered a downward trend on June 17, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 6 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 Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 21 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where STNE advanced for three days, in of 312 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.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (1.793) is normal, around the industry mean (30.421). P/E Ratio (26.076) is within average values for comparable stocks, (157.675). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.082) among similar stocks. P/S Ratio (2.365) is also within normal values, averaging (56.972).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. STNE’s price grows at a lower 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 worse than average 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 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 90, placing this stock worse than average.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.47B. The market cap for tickers in the group ranges from 291 to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -1%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 17%. LGIQ experienced the highest price growth at 93%, while WBSR experienced the biggest fall at -71%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -29%. For the same stocks of the Industry, the average monthly volume growth was -9% and the average quarterly volume growth was -57%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 74
Price Growth Rating: 61
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: 9 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
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General Information

a financial technology solutions provider

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
103 South Church Street
Phone
N/A
Employees
16685
Web
https://www.stone.co
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