StoneCo stock falls 30.1% and trades below the $8.68 lower Bollinger band

Image: The Cryptonomist
StoneCo stock has a bearish daily setup, with price below all three daily exponential averages and the lower Bollinger band. Hourly conditions confirm that bias. However, hourly RSI14 at 14.01 and 15-minute RSI14 at 11.63 sit in oversold territory, which makes the short-term picture less one-sided than the daily structure. Key takeaways StoneCo stock was trading at $8.025 as of 10:42 ET on Monday, down 30.1% from the previous close of $11.48 . Daily RSI14 fell to 30.53 from 56.11, leaving it just above the oversold threshold of 30, not yet below it. The daily MACD histogram declined to -0.26 from -0.03, while the MACD line at 0.1 remains below its signal at 0.36. Price is below the daily lower Bollinger band at $8.68 and all three daily exponential averages.
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