Cosan bounces 7.1% after two weak weeks
Cosan stock: a 7.1% rebound puts the buy signal back in gear
Cosan bounces 7.1% after two weak weeks
Our view last week
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.
This week's summary
Cosan shares bounce 7.1% this week, touching the daily EMA20 with buy volume at 81%: the rebound follows two weeks of losses, the latest of which had the second confirmation week pointing toward an exit. Signal strength climbs back to 66 out of 100, and in our weekly technical analysis the stock still has wide room to run toward its all-time highs. Earnings, due August 14, are getting close.
Open BUY
·3rd week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 14
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IQS Phase
40
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#3 / 12
Rest of the World stocks in progress
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 3rd among the 12 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly -4.19% · monthly -0.94%
CSAN3 belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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