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Volume-Driven Gain Above 50-Day Moving Average - Monday, March 2, 2020
Stoneco Ltd Cl A (STNE +$3.97 or +9.95% to $43.86) rebounded above its 50-day moving average (DMA) line ($41.63) with a big volume-driven gain today and its color code is changed to yellow. The worrisome market correction (M criteria) remains a cause for concern, even if there are subsequent gains above the pivot point backed by at least +40% above average volume to trigger a technical buy signal. More damaging losses below the prior session low ($38.75) may raise concerns and trigger a worrisome technical sell signal.It reported earnings +71% on +43% sales revenues for the Dec '19 quarter, and prior quarterly comparisons were strong. It has an 84 Earnings Per Share rating. STNE was highlighted in yellow with pivot point cited based on its 4/02/19 high plus 10 cents in the 1/22/20 mid-day report (read here). It faces little remaining resistance due to overhead supply.
This Brazil-based Finance - Credit Card/Payment Processing company has shown resilience since last shown in this FSU section on 2/10/20 with an annotated graph under the headline, "50-Day Moving Average Line Violation Hurts Outlook". STNE completed a Secondary Offering on 4/03/18 and went through a deep consolidation Completed its $24 IPO on 10/25/18. The number of top-rated funds owning its shares rose from 175 in Mar '19 to 263 in Dec '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of A.
50-Day Moving Average Line Violation Hurts Outlook - Monday, February 10, 2020
Stoneco Ltd Cl A (STNE -$0.73 or -1.79% to $40.05) after quietly touching a new all-time high last week it has pulled back below its 50-day moving average (DMA) line ($40.77) with a streak of 5 consecutive losses and its color code is changed to green. A prompt rebound above the 50 DMA line is needed for its outlook to improve. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a technical buy signal. More damaging losses may raise concerns and trigger a worrisome technical sell signal.STNE was highlighted in yellow with pivot point cited based on its 4/02/19 high plus 10 cents in the earlier mid-day report (read here). It faces little remaining resistance due to overhead supply. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal.
This Brazil-based Finance - Credit Card/Payment Processing company was last shown in this FSU section on 1/22/20 with an annotated graph under the headline, "Perched Near High With Best-Ever Close After Volume-Driven Gain". It reported earnings +70% on +55% sales revenues for the Sep '19 quarter, and prior quarterly comparisons were strong. It has an 84 Earnings Per Share rating.
STNE completed a Secondary Offering on 4/03/18 and went through a deep consolidation Completed its $24 IPO on 10/25/18. The number of top-rated funds owning its shares rose from 175 in Mar '19 to 236 in Dec '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of A.
Perched Near High With Best-Ever Close After Volume-Driven Gain - Wednesday, January 22, 2020
Stoneco Ltd Cl A (STNE ) was highlighted in yellow with pivot point cited based on its 4/02/19 high plus 10 cents in the earlier mid-day report (read here). It faces little remaining resistance due to overhead supply. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal.This Brazil-based Finance - Credit Card/Payment Processing company reported earnings +70% on +55% sales revenues for the Sep '19 quarter, and prior quarterly comparisons were strong. It has an 84 Earnings Per Share rating.
STNE completed a Secondary Offering on 4/03/18 and went through a deep consolidation Completed its $24 IPO on 10/25/18. The number of top-rated funds owning its shares rose from 175 in Mar '19 to 237 in Dec '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of A.
