We assign a technical rating of 4 out of 10 to STNE. Although STNE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is only medium, STNE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 14.29, a Stop Loss order could be placed below this zone.
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13.99
When analyzing the support we notice one important area.
- A support zone ranging from 14.13 to 14.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @15.07 from a horizontal line in the daily time frame.
- A resistance zone ranging from 15.77 to 15.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.43 from a trend line in the weekly time frame.
- Resistance @19.40 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for STNE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for STNE is down. |
| ChartMill Relative Strength | 90.57 | POSITIVE | STNE has a high relative strength, it outperformed 90.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of STNE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STNE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of STNE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.86 | NEUTRAL | The RSI value for STNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests STNE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.61 | NEUTRAL | The Stochastics value for STNE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for STNE suggests some volalility. |
| Average Directional Index/ADX (14) | 11.91 | NEGATIVE | The low ADX value for STNE suggests a weak or negative trend. |
14.69
-0.1 (-0.68%)
STONECO LTD-A / STNE FAQ
Can you provide the ChartMill technical rating for STONECO LTD-A?
ChartMill assigns a technical rating of 4 / 10 to STNE.
Can you provide the trend direction for STONECO LTD-A?
The current trend direction for STONECO LTD-A (STNE) is Bearish.
Can you provide the RSI signal for STONECO LTD-A?
STONECO LTD-A (STNE) has an RSI value of 42.8612. This indicates that the stock is currently neutral.
What is the buy/sell signal for STONECO LTD-A (STNE) stock?
The buy/sell signal for STONECO LTD-A (STNE) is sell as both the short term and long term trends are negative.
What is the support and resistance level for STNE stock?
STONECO LTD-A (STNE) has a support level at 14.29 and a resistance level at 15.07. Check the full technical report for our detailed analysis of STNE support and resistance levels.