Digital Payment Firm Stoneco Sees Improved Relative Strength

On Friday, Stoneco (STNE) earned a positive adjustment to its Relative Strength (RS) Rating, from 68 to 74. The Brazilian e-commerce and digital payment stock has performed well during the pandemic as consumers moved to online purchases just as they did in the U.S.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Stoneco can continue to rebound and hit that benchmark.

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Is Stoneco Stock A Buy?

After clearing a 39.55 buy point in a first-stage cup with handle a year ago, Stoneco stock has more than tripled its value. It’s since pulled back into a consolidation during the recent market correction and currently out of a buying range. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

Stoneco posted negative growth for both sales and earnings last quarter.

The company holds the No. 6 rank among its peers in the Finance-Card/Payment Processing industry group. PayPal (PYPL) and Alliance Data Systems (ADS) are also among the group’s highest-rated stocks. For more on PayPal, check out “Is PayPal Stock A Buy Right Now? Here’s What Earnings, Charts Show.”


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