We assign a technical rating of 3 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 bad, STNE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 14.42, a Stop Loss order could be placed below this zone.
More info and screens
14.25
When analyzing the support we notice one important area.
- A support zone ranging from 14.39 to 14.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @14.54 from a trend line in the daily time frame.
- A resistance zone ranging from 15.36 to 15.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.50 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for STNE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for STNE is down. |
| ChartMill Relative Strength | 87.3 | POSITIVE | STNE has a high relative strength, it outperformed 87.3% 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) | 37.44 | NEUTRAL | The RSI value for STNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests STNE has a negative trend. |
| Stochastics (14,3) | 4.81 | OVERSOLD | The low Stochastics value suggests STNE may be oversold. |
| Average True Range in percent/ATR (20) | 5.47 | HIGH VOLATILITY | The high ATR as a percentage value for STNE suggests high volalility. |
| Average Directional Index/ADX (14) | 17.2 | NEGATIVE | The low ADX value for STNE suggests a weak or negative trend. |
14.43
+0.03 (+0.21%)
STONECO LTD-A / STNE FAQ
Can you provide the ChartMill technical rating for STONECO LTD-A?
ChartMill assigns a technical rating of 3 / 10 to STNE.
What is the trend direction for STNE stock?
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 37.443. This indicates that the stock is currently neutral.
What is the support and resistance level for STNE stock?
STONECO LTD-A (STNE) has a support level at 14.42 and a resistance level at 14.54. Check the full technical report for our detailed analysis of STNE support and resistance levels.