Ultrapar confirms the rally in its second week
Ultrapar climbs 4.4% as its buy signal confirms in the second week
Ultrapar confirms the rally in its second week
Our view last week
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.
This week's summary
Ultrapar's stock closes the second week of its buy signal with another push higher, up 4.4%, sitting just a step below its recent highs. Daily money flow stays firmly on the buy side, with nearly 80% of trading in buyers' hands, and signal strength climbs to 70 out of 100: a wide move our model reads as confirmation. Technical analysis of a solid case, worth riding with confidence.
Open BUY
·2nd week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 12
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IQS Phase
78
in tension
Signal Strength
70
high · wide move
Sizing
FULL
Ranking
#3 / 10
Rest of the World stocks in progress
Trade P&L %
+16.49%
from signal to today
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