Buy signal · fourth week
Cosan stock drops 9.8% as the buy signal loses steam in its fourth week
Buy signal · fourth week
Our view last week
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.
This week's summary
Cosan shares drop 9.8% this week, reversing last week's rebound: sellers were extremely dominant on the last bar and buyer dominance is collapsing. Weekly RSI slips to 36.7 and the picture stays neutral. The buy signal, now in its fourth week, is cooling off, and earnings on August 14, due this very week, add extra weight to the moment. Full weekly technical analysis inside.
Open BUY
·4th week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 14
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IQS Phase
31
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#3 / 13
Rest of the World stocks in progress
Trade P&L %
-9.83%
from signal to date, no stop loss
Rank position
ranks 3rd 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 regimeweak phase
Performanceweekly -1.67% · monthly -3.86%
CSAN3 belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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