UGP Price Prediction Next Week
Analysis and Insights
Technical Analysis:
UGP's current price is $2.74 as of 2025-03-10, with a neutral RSI of 51.35, indicating no overbought or oversold conditions. The MACD is at 0.00, suggesting a potential trend change.
News Sentiment and Recent Developments:
HSBC upgraded UGP to Buy with a $3.70 target, a positive signal. However, UGP declined 1.5% in the ETF, indicating short-term weakness. A strategic partnership with Supergasbrás could enhance long-term growth.
Fibonacci Levels:
The pivot is at $2.85, with resistance at $2.94 and $2.99, and support at $2.76 and $2.70. The price is near the pivot, suggesting potential upward movement.
Conclusion:
Based on the HSBC upgrade and technical indicators, UGP is expected to rise to $3.00 next week. Buy is recommended.
UGP Similar Chart Price Prediction
The price of UGP is predicted to go up 0.09%, based on the high correlation periods with GMHS. The similarity of these two price pattern on the periods is 93.06%.
UGP
GMHS
Up: 0.09%Similarity: 93.06%
UGP Revenue Forecast
UGP EPS Forecast
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UGP Analyst's Forecast
Rodolfo Angele
JP Morgan
Hold → Buy
2025-01-07
Price Target
n/a
Downside
0%
JPMorgan upgraded Ultrapar to Overweight from Neutral with a price target of R$24, down from R$28. After a few operational setbacks in the previous years, Ultrapar management went "back to basics" and improved fuel distribution margins, expanded Ultracargo's footprint and strengthened Ultragaz positioning in the gas market, the analyst tells investors in a research note. The firm says that spite of this, Ultrapar shares underperformed significantly. The movement is overdone and current levels bring an attractive investment opportunity, contends JPMorgan.
