ULTRAPAR PARTICPAC-SPON ADR (UGP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:UGP - US90400P1012 - ADR
Overall UGP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, UGP is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, UGP did better than 91% of all other stocks. On top of that, UGP also shows a nice and consistent pattern of rising prices.
- UGP is part of the Specialty Retail industry. There are 122 other stocks in this industry. UGP outperforms 87% of them.
- UGP is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month UGP has a been trading in the 3.69 - 4.68 range, which is quite wide. It is currently trading near the high of this range.
- UGP has an average volume of 1679480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although UGP has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.06
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.00 to 4.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.87 from a trend line in the weekly time frame.
- A support zone ranging from 3.74 to 3.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @3.09 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for UGP is up. |
| ChartMill Relative Strength | 91.61 | POSITIVE | UGP has a high relative strength, it outperformed 91.61% 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) | 79.5 | OVERBOUGHT | The high RSI value suggests UGP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests UGP has a positive trend. |
| Stochastics (14,3) | 95 | OVERBOUGHT | The high Stochastics value suggests UGP may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for UGP suggests some volalility. |
| Average Directional Index/ADX (14) | 24.92 | NEUTRAL | The ADX value for UGP suggests a possible start of a new trend. |
4.63
+0.1 (+2.21%)
ULTRAPAR PARTICPAC-SPON ADR / UGP FAQ
Can you provide the ChartMill technical rating for ULTRAPAR PARTICPAC-SPON ADR?
ChartMill assigns a technical rating of 10 / 10 to UGP.
Can you provide the trend direction for ULTRAPAR PARTICPAC-SPON ADR?
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 79.4953. This indicates that the stock is currently overbought.
What is the MACD signal for UGP stock?
The MACD indicator for ULTRAPAR PARTICPAC-SPON ADR (UGP) has a value of 0.0825642, indicating a bearish trend.
Can you provide the buy/sell signal for ULTRAPAR PARTICPAC-SPON ADR?
The buy/sell signal for ULTRAPAR PARTICPAC-SPON ADR (UGP) is buy as both the short term and long term trends are positive.