Ultrapar · open long, +43% since entry
Ultrapar adds 0.8%: a bounce off the 20-day average and money flow on the rise
Our view last week
Ultrapar adds 1.2% and prints a new 90-week high, in the 41 area, without confirming it on the close, as it did 2 weeks ago. Ultrapar stock bounced off its 20-day moving average, yet the week closes in the lower half of its range. Weekly technical analysis shows the MACD histogram shrinking for 3 weeks and money flow, still positive, easing: for swing trading, the price action points to a rally struggling below its all-time high. The trade, one of our weekly buy signals, is over 40% in profit.
This week's summary
Ultrapar found support on its 20-day moving average, in the 38.5 area, and closed the week up 0.8% in the upper part of its range, after a week that had closed in the lower half. For Ultrapar stock, money flow is growing again, the weekly RSI reaches 70 and the ADX has been rising for 9 weeks, while the MACD histogram shrinks for a 4th week. In technical analysis terms the price action stays bullish with a shorter stride: a swing trading picture to watch closely. The trade is 43% in profit.
Open long
·15th week from start
·Rest of the World stocks
·T1
·📅 Earnings · Nov 11
★ See Gold version →
IQS Phase
70
in tension
Signal Strength
70
high · wide move
Sizing
FULL
Ranking
#9 / 25
Rest of the World stocks in progress
Trade P&L %
+43.12%
from signal to date, no stop loss
Ultrapar Participacoes (UGPA3) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 9th among the 25 Longs already running for titoli resto del mondo in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly -0.35% · monthly +2.07%
UGPA3 belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content