Noteworthy Tuesday Option Activity: STNE, DBRG, CVNA Tuesday, July 25, 3:26 PM ET, by Market News Video Staff Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
StoneCo Reaches Analyst Target Price Tuesday, August 1, 8:19 AM ET, by Market News Video Staff In recent trading, shares of StoneCo Ltd (STNE) have crossed above the average analyst 12-month ...
Noteworthy Wednesday Option Activity: SQ, STNE, ALGM Wednesday, August 16, 3:27 PM ET, by Market News Video Staff Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
StoneCo Enters Oversold Territory (STNE) Tuesday, September 19, 11:53 AM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Relative Strength Alert For StoneCo
By Market News Video Staff, Wednesday, September 8, 12:03 PM ET
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Wednesday, shares of StoneCo Ltd (NASDAQ:STNE) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $42.445 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 58.1. A bullish investor could look at STNE's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of STNE shares:
This Article's Word Cloud:AboutBuffettChannelDividendFindIndexKnowLegendaryLookingNewsletterOfferOversoldPremiumReceiveRelativeSTNEShouldSpecialStartStocksStoneCoStrengthWarrenWednesdayaboutaboveadvisesafterafternoonanalysisbeginbelowbestchartfearfulgreedyinvestorlookothersoversoldpointraquoreadingsharesharesstockthatweekwhenwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.
Play Video:
Learn About The RSI
Free Email Alerts By Stock:
Start slideshow: