Cosan: confirmation closes lower, discipline says exit
Cosan slips 1% in its second week as the confirmation points to exit
Cosan: confirmation closes lower, discipline says exit
Our view last week
Cosan closed its confirmation week down 5.7%, with sellers extremely dominant on the last bar and a distribution phase underway. Beneath that, though, the double bottom in the 3.3 area holds, with a 9% intermediate rebound: price is now boxed between a resistance and a support close by. In our weekly technical read, the signal calls for caution.
This week's summary
Cosan's buy signal, live for two weeks now, has closed lower again in its second week, down 1%. It is the second setback in a row: the week before, the stock had already dropped 5.7%. Volume is contracting, distribution is still underway, and sellers remain slightly ahead on the last bar. In our weekly technical read, the confirmation points to exiting the position.
Open BUY
·2nd week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 14
★ See Gold version →
IQS Phase
32
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#2 / 13
Rest of the World stocks in progress
Trade P&L %
-6.63%
from signal to today
Rank position
ranks 2nd among the 13 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimein positive regime
Performanceweekly +2.48% · monthly +1.65%
CSAN3 belongs to the utilities sector (reference ETF XLU). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content