THE handbag continues with high volatility. After varying between a 3% rise and a 2% decline, the Ibovespa ended the week stable at 0.1%.
Speeches by the transitional government have the markets worried. This Friday, investors reacted badly to the speech of Fernando Haddadand the market saw the dollar and future interest rates skyrocket and reach maximum levels due to the lack of details on the fiscal issue and what was seen as a lack of alignment with the market.
For the technical analysis team at XP Investments, led by Gilberto Pereira Coelho and Thiago Alvarenga, the two main federal state companies are trending downward. The information was published in the ‘Supports and Resistances’ report, updated daily.
🇧🇷Bank of Brazil 🇧🇷BBAS3) is in a downtrend in the short term and below BRL 34.35 would project from BRL 32.43 to BRL 30.52. It has resistances at R$ 35.95 and R$ 39.77″, they say.
In the case of Petrobrasthe preferred stock (PETR4) has a downward trend in the short term and below BRL 23.25 would project from BRL 21.07 to BRL 18.89. It has resistances at R$ 24.63 and R$ 28.98.
Another stock that has a downtrend in the short term for the XP and the Magazine Luiza🇧🇷
In this session, the company plummeted 5%, going to R$ 3.42, even with events that in theory boost sales, such as the sexta-feira Negra and the world Cup🇧🇷 The stock fell with the rise in future interest rates, which soared in the face of fiscal uncertainty.
🇧🇷MGLU3 below BRL 3.43 would project from BRL 2.81 to BRL 2.2. It has resistances at BRL 3.66 and BRL 4.88″, analysts point out.
THE Hey 🇧🇷OIBR3) also suffers from strong volatility. Because it’s trading in the cents, any rise or fall results in a wide range.
In the week, the paper rose well with good news coming from the judicial recovery. In addition, this Friday, the company announced that the V.Tal will receive a contribution of BRL 2.5 billion of the Canada Pension Plan Investment Board (CPPIB).
🇧🇷OIBR3 is in a downtrend in the short term and below BRL 0.19 would project from BRL 0.14 to BRL 0.1. It has resistances at BRL 0.22 and BRL 0.3″, they say.
Technical analysis uses tools like moving averages, IFR9, average monthly volume, etc. The objective is to find trends and anticipate possible drops or rises in prices.
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