Ultrapar Participacoes SA Stock Forecast
Red day on Tuesday for Ultrapar Participacoes SA stock after losing 1.16%
(Updated on Apr 23, 2024)
The Ultrapar Participacoes SA stock price fell by -1.16% on the last day (Tuesday, 23rd Apr 2024) from $5.19 to $5.13. During the last trading day the stock fluctuated 2.87% from a day low at $5.05 to a day high of $5.19. The price has fallen in 7 of the last 10 days and is down by -10.78% for this period. Volume has increased on the last day by 36 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 828 thousand shares were bought and sold for approximately $4.25 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.05 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.42% during the next 3 months and, with a 90% probability hold a price between $4.57 and $5.35 at the end of this 3-month period.
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UGP Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.98%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ultrapar Participacoes SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.15 and $5.57. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Ultrapar Participacoes SA stock
Ultrapar Participacoes SA finds support from accumulated volume at $5.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.145 between high and low, or 2.87%. For the last week, the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UGP) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Ultrapar Participacoes SA to open at $5.12, and during the day (based on 14 day Average True Range), to move between $4.98 and $5.28, which gives a possible trading interval of +/-$0.148 (+/-2.89%) up or down from last closing price. If Ultrapar Participacoes SA takes out the full calculated possible swing range there will be an estimated 5.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.08 (0.97%) than the resistance at $5.58 (8.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Ultrapar Participacoes SA will release earnings BMO on Wednesday, May 01, 2024. We will update the financials statements for Ultrapar Participacoes SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.19% in the first trading day after earnings release.
Is Ultrapar Participacoes SA stock A Buy?
Ultrapar Participacoes SA holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.481 Sell Candidate Unchanged
Predicted Opening Price for Ultrapar Participacoes SA of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $5.12 ( 0.162%) | $5.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UGP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.27 | 2.66 % | |
| R2 | 5.21 | 1.58 % | ||
| R1 | 5.18 | 0.92 % | ||
| Current price: | 5.13 | |||
| Support | S1 | 5.07 | -1.24 % | |
| S2 | 5.03 | -1.91 % | ||
| S3 | 4.98 | -2.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.92 | 15.40 % | |
| R2 | 5.79 | 12.87 % | ||
| R1 | 5.58 | 8.77 % | ||
| Current price | 5.13 | |||
| Support | S1 | 5.08 | -0.97% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
UGP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 08, 2024 | Mar 25, 2024 | $0.0805 | 1.43% |
| 2 | Aug 18, 2023 | Aug 18, 2023 | Sep 05, 2023 | $0.0192 | 0.526% |
| 3 | Feb 16, 2023 | Feb 24, 2023 | Mar 13, 2023 | $0.0190 | 0.754% |
| 4 | May 16, 2022 | May 24, 2022 | Aug 22, 2022 | $0.0800 | 3.00% |
| 5 | Feb 24, 2022 | Mar 04, 2022 | Mar 21, 2022 | $0.0330 | 1.20% |
FAQ
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