ULTRAPAR PARTICPAC-SPON ADR (UGP) Stock Technical Analysis
USA - NYSE:UGP - US90400P1012 - ADR
Taking everything into account, UGP scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, UGP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although UGP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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2.73
When analyzing the support we can see 6 important areas.
- A support zone ranging from 3.86 to 3.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.73 from a horizontal line in the daily time frame.
- Support @3.18 from a horizontal line in the daily time frame.
- A support zone ranging from 2.96 to 2.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.87 from a horizontal line in the daily time frame.
- Support @2.76 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.18 to 4.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for UGP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UGP is up. |
| ChartMill Relative Strength | 87.02 | POSITIVE | UGP has a high relative strength, it outperformed 87.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.29 | NEUTRAL | The RSI value for UGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests UGP has a positive trend. |
| Stochastics (14,3) | 97.52 | OVERBOUGHT | The high Stochastics value suggests UGP may be overbought. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for UGP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.64 | NEGATIVE | The low ADX value for UGP suggests a weak or negative trend. |
4.17
+0.04 (+0.97%)
ULTRAPAR PARTICPAC-SPON ADR / UGP FAQ
Can you provide the ChartMill technical rating for ULTRAPAR PARTICPAC-SPON ADR?
ChartMill assigns a technical rating of 9 / 10 to UGP.
What is the current trend direction of ULTRAPAR PARTICPAC-SPON ADR (UGP) stock?
The current trend direction for ULTRAPAR PARTICPAC-SPON ADR (UGP) is Bullish.
What is the RSI signal for UGP stock?
ULTRAPAR PARTICPAC-SPON ADR (UGP) has an RSI value of 65.2859. This indicates that the stock is currently neutral.
What is the buy/sell signal for ULTRAPAR PARTICPAC-SPON ADR (UGP) stock?
The buy/sell signal for ULTRAPAR PARTICPAC-SPON ADR (UGP) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ULTRAPAR PARTICPAC-SPON ADR (UGP) stock?
ULTRAPAR PARTICPAC-SPON ADR (UGP) has a support level at 3.92 and a resistance level at 4.18. Check the full technical report for our detailed analysis of UGP support and resistance levels.