ULTRAPAR PARTICPAC-SPON ADR (UGP) Stock Technical Analysis
USA - NYSE:UGP - US90400P1012 - ADR
We assign a technical rating of 7 out of 10 to UGP. In the last year, UGP was one of the better performers, but we do observe some doubts in the very recent evolution.
UGP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 3.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.86, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.73
We found 5 important support areas.
- A support zone ranging from 3.69 to 3.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.18 from a horizontal line in the daily time frame.
- A support zone ranging from 2.95 to 2.96. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.91 to 3.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.11 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for UGP is neutral. |
| ChartMill Relative Strength | 80.34 | POSITIVE | UGP has a high relative strength, it outperformed 80.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UGP is below a declining 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) | 51.13 | NEUTRAL | The RSI value for UGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests UGP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.13 | NEUTRAL | The Stochastics value for UGP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for UGP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.76 | NEGATIVE | The low ADX value for UGP suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.96 | 3.68 | 0.28 (7.07%) | 14.14% |
| An entry @3.96. This is a Buy Stop order right above the resistance zone. | An exit @3.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.28 points, which is 7.07%. | For a 1.00% total portfolio risk, you can invest 14.14% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.87
+0.04 (+1.04%)
ULTRAPAR PARTICPAC-SPON ADR / UGP FAQ
Can you provide the ChartMill technical rating for ULTRAPAR PARTICPAC-SPON ADR?
ChartMill assigns a technical rating of 7 / 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 51.1262. This indicates that the stock is currently neutral.
What are the support and resistance levels for ULTRAPAR PARTICPAC-SPON ADR (UGP) stock?
ULTRAPAR PARTICPAC-SPON ADR (UGP) has a support level at 3.86 and a resistance level at 3.91. Check the full technical report for our detailed analysis of UGP support and resistance levels.