Ultrapar Participações S.A. ADR (UGP) operates across several segments of Brazil’s energy and industrial economy. Through its subsidiaries, the company distributes liquefied petroleum gas to residential, commercial and industrial customers, markets fuels and lubricants throughout Brazil, and manufactures chemicals used in industries including personal care, agriculture, paints and varnishes.
UGP currently holds an SIA SMAX score of 10/10 and occupies the No. 1 position out of 255 securities in the Favoured Green Zone of the SIA International ADR Index Report. The shares have advanced one position over the past month and 100 positions over the past quarter, highlighting a significant improvement in relative strength. The stock’s most recent Point and Figure signal is a Double Top.
The stock has gained 12.95% over the past month, 43.67% over the past quarter and 112.18% over the past year. This compares favourably with the iShares MSCI ACWI ex U.S. ETF, which returned 2.75%, 0.82% and 27.43% over the same respective periods.
Looking at the technical picture, near-term support is located at the 3-box reversal level of $6.47, followed by additional support at $5.63. Longer-term support dating back to 2018 can be found near $4.53. On the upside, the next identified resistance level is $7.89, dating back to 2013, followed by old-high resistance at $9.81. The broader Energy sector also remains technically constructive, holding the No. 4 position out of 31 sectors in the Favoured Green Zone of the SIA Sector Report.
The combination of a 10 out of 10 SIA SMAX score, the No. 1 position in the Favoured Green Zone of the SIA International ADR Index Report, and the recent improvement in report ranking provides a technical framework through which investment professionals can assess the shares alongside their own investment objectives, risk parameters and portfolio-management processes.
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