Ultrapar Participações S.A. Stock Forecast
Ultrapar Participações S.A. stock price down 1.43% on Friday
(Updated on May 17, 2024)
The Ultrapar Participações S.A. stock price fell by -1.43% on the last day (Friday, 17th May 2024) from R$25.20 to R$24.84. During the last trading day the stock fluctuated 2.56% from a day low at R$24.64 to a day high of R$25.27. The price has been going up and down for this period, and there has been a -6.72% loss for the last 2 weeks. Volume has increased on the last day by 421 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, 3 million shares were bought and sold for approximately R$79.77 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.34% during the next 3 months and, with a 90% probability hold a price between R$19.92 and R$21.65 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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UGPA3.SA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 1.60%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ultrapar Participações S.A. 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 R$24.85 and R$26.56. A break-up above any of these levels will issue buy signals. 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 Participações S.A. stock
Ultrapar Participações S.A. finds support from accumulated volume at R$24.76 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 R$0.630 between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UGPA3.SA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Ultrapar Participações S.A. to open at R$24.92, and during the day (based on 14 day Average True Range), to move between R$24.12 and R$25.56, which gives a possible trading interval of +/-R$0.721 (+/-2.90%) up or down from last closing price. If Ultrapar Participações S.A. takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at R$24.76 (0.32%) than the resistance at R$25.10 (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ultrapar Participações S.A. stock A Buy?
Ultrapar Participações S.A. holds several negative signals and is within a 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: -1.172 Sell Candidate Unchanged
Predicted Opening Price for Ultrapar Participações S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| R$24.92 ( 0.309%) | R$24.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UGPA3.SA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.55 | 2.84 % | |
| R2 | 25.31 | 1.88 % | ||
| R1 | 25.16 | 1.28 % | ||
| Current price: | 24.84 | |||
| Support | S1 | 24.68 | -0.660 % | |
| S2 | 24.53 | -1.26 % | ||
| S3 | 24.29 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.36 | 18.20 % | |
| R2 | 29.00 | 16.75 % | ||
| R1 | 25.10 | 1.05 % | ||
| Current price | 24.84 | |||
| Support | S1 | 24.76 | -0.322% | |
| S2 | 24.48 | -1.45% | ||
| S3 | 24.45 | -1.57% |
UGPA3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 08, 2024 | Mar 08, 2024 | R$0 | 0% |
| 2 | Aug 18, 2023 | Aug 18, 2023 | Aug 18, 2023 | R$0.250 | 1.39% |
| 3 | Feb 24, 2023 | Feb 24, 2023 | Feb 24, 2023 | R$0.100 | 0.759% |
| 4 | May 24, 2022 | May 24, 2022 | May 24, 2022 | R$0.412 | 3.15% |
| 5 | Mar 04, 2022 | Mar 04, 2022 | Mar 04, 2022 | R$0.170 | 1.30% |
FAQ
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