STNE, Aroon Indicator entered an Uptrend on December 01, 2020.Over the last three days, A.I.dvisor has detected that STNE's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. A.I.dvisor backtested this indicator and found 127 similar cases, 113 of which were successful. Based on this data, the odds of success are 89%. Current price $71.12 is above $52.81 the highest support line found by Tickeron A.I. Throughout the month of 10/29/20 - 12/01/20, the price experienced a +32% Uptrend. During the week of 11/23/20 - 12/01/20, the stock enjoyed a +0.88% Uptrend growth.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for STNE just turned positive on November 06, 2020. Looking at past instances where STNE's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 20 of 22 cases over the following month. The odds of a continued upward trend are 90%.
STNE moved above its 50-day Moving Average on November 04, 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +5.59% 3-day Advance, the price is estimated to grow further. Considering data from situations where STNE advanced for three days, in 117 of 128 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 113 of 127 cases where STNE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 89%.
