Ultrapar: a positive first-week confirmation
Ultrapar jumps 11.6%, closing in on its all-time high after a double bottom
Ultrapar: a positive first-week confirmation
Our view last week
Ultrapar Participacoes opens a fresh buy signal, ranking 2nd among the 3 new Longs on Rest of the World stocks. The weekly structure is bullish with all four structural moving averages aligned, the setup quality indicator stands at 53 out of 100 and signal strength at 54 out of 100: a medium-conviction profile, not an acceleration. On the daily chart the stock is coming out of a double bottom with a 6% rebound.
This week's summary
Ultrapar closes its first trade week with an 11.6% jump, breaking out of a double bottom in the 24 area. The confirmation is positive, daily money flow is firmly on the buy side, and signal strength climbs to 74 out of 100: a wide move, though the stock is already working within a step of its all-time high. A case worth watching closely.
IQS Phase
66
in tension
Signal Strength
74
high · wide move
Sizing
FULL
Ranking
#2 / 8
Rest of the World stocks in progress
Trade P&L %
+11.55%
from signal to today
restricted Platinum content