Buy StoneCo | Nasdaq STNE | Naranj Capital

 BUY   StoneCo (Nasdaq: STNE)

StoneCo (Nasdaq: STNE) STOCK RECOMMENDATION

Idea BUY
Buy Range 17.1 – 17.5
Target 18.6 – 19
StopLoss* below 16.2
Duration 9-10 Trading Days
Potential Returns 7 – 9%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 17.1 – 17.5 18.6 – 19 below 16.2 9-10 Trading Days 7 – 9%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview and Social Media. Be assured such records are permanent and irreversible.

StoneCo (Nasdaq: STNE) STOCK OVERVIEW

StoneCo Ltd. is a leading provider of cutting-edge financial technology and software solutions in Brazil. With a strong focus on empowering merchants and integrated partners, StoneCo enables seamless electronic commerce across multiple channels including in-store, online, and mobile platforms. Their innovative solutions are efficiently delivered through the proprietary Stone Hubs, strategically located to ensure excellent local sales and support services. We cater to diverse clients, ranging from small-and-medium-sized businesses to marketplaces, e-commerce platforms, and integrated software vendors. StoneCo limited is headquartered in George Town, the Cayman Islands, presents an exceptional investment opportunity in the rapidly growing US Stock Market.

Stock Data
NASDAQ CodeSTNE
Sectoral IndexTechnology
52 Weeks High19.46
52 Weeks Low8.73

StoneCo (Nasdaq: STNE) - RELATIVE STRENGTH

STNE-RELATIVE STRENGTH

Relative Performance - Last 1 Year

StoneCo —     NASDAQ —

StoneCo (Nasdaq: STNE) - DAILY TECHNICAL ANALYSIS

STNE-DAILY TECHNICAL ANALYSIS
StoneCo - Technical Analysis (Daily)
  • Previously the price was moving downwards through the parallel channel.

  • After breaking out the channel upside, price has given a very sharp upmove and reached at 18.5 level.

  • After that, the price had gone in a deep consolidation phase.

  • A Bullish Pole & flag pattern was formed during this time.

  • Recently a strong breakout has been seen which may lead the price to go upside and make new highs.

StoneCo (Nasdaq: STNE) - Indicator- MACD

STNE-MACD
StoneCo - MACD Indicator

MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

StoneCo (Nasdaq: STNE) - Indicator- EMA Cross

STNE-EMA CROSS
StoneCo - EMA Cross Indicator

The short length exponential moving average (10 EMA) has just crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

StoneCo (Nasdaq: STNE) - Indicator- RSI

STNE-RSI
StoneCo - RSI Indicator

Current RSI of this stock is 60.37, which indicates the strength of buyers.

CONCLUSION - StoneCo (Nasdaq: STNE) STOCK PRICE FORECAST

Based on our stock trading advice in USA, StoneCo stock price target will be USD 18.6 – USD 19 in the next 9-10 trading sessions.

StoneCo (Nasdaq: STNE) TRADINGVIEW POSITION UPDATE

Follow StoneCo (Nasdaq: STNE) TRADING ADVICE On Social Media

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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