Taking this into account, JP Morgan upgraded its Ultrapar Participacoes S.A. ADR [UGP] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid July from “a Reduce” to “a Hold”. Itau BBA also remained covering UGP and has decreased its forecast on April 02, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Jefferies started covering the stock on September 21, 2023. It rated UGP as “an Underperform”.
Price Performance Review of UGP
On Tuesday, Ultrapar Participacoes S.A. ADR [NYSE:UGP] saw its stock jump 6.20% to $2.74. Over the last five days, the stock has gained 5.38%. Ultrapar Participacoes S.A. ADR shares have risen nearly 4.18% since the year began. Nevertheless, the stocks have fallen -50.72% over the past one year. While a 52-week high of $6.34 was reached on 01/07/25, a 52-week low of $2.53 was recorded on 01/03/25. SMA at 50 days reached $3.11, while 200 days put it at $4.08.
Levels Of Support And Resistance For UGP Stock
The 24-hour chart illustrates a support level at 2.69, which if violated will result in even more drops to 2.65. On the upside, there is a resistance level at 2.80. A further resistance level may holdings at 2.87. The Relative Strength Index (RSI) on the 14-day chart is 45.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.69%. Stochastics %K at 33.41% indicates the stock is a holding.
How much short interest is there in Ultrapar Participacoes S.A. ADR?
A steep rise in short interest was recorded in Ultrapar Participacoes S.A. ADR stocks on 2024-10-31, growing by 0.14 million shares to a total of 1.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.0 million shares. There was a rise of 12.26%, which implies that there is a positive sentiment for the stock.
