{"id":124723,"date":"2026-02-23T16:41:33","date_gmt":"2026-02-23T19:41:33","guid":{"rendered":"https:\/\/monitoramento.spmj.com.br\/noticias\/?p=124723"},"modified":"2026-02-23T16:41:33","modified_gmt":"2026-02-23T19:41:33","slug":"ultrapar-ugpa3-sobe-e-gpa-pcar3-recua-o-que-explica-os-movimentos","status":"publish","type":"post","link":"https:\/\/monitoramento.spmj.com.br\/noticias\/2026\/02\/23\/ultrapar-ugpa3-sobe-e-gpa-pcar3-recua-o-que-explica-os-movimentos\/","title":{"rendered":"Ultrapar (UGPA3) sobe e GPA (PCAR3) recua: o que explica os movimentos"},"content":{"rendered":"<div class=\"max-w-5xl my-4 mx-auto space-y-4 px-6 xl:px-0\" data-ds-component=\"article-title\">\n<div class=\"text-lg md:text-xl font-medium tracking-tight text-wl-neutral-600\">Indicador da an\u00e1lise t\u00e9cnica, IFR aponta euforia em um papel e sinaliza poss\u00edvel oportunidade de entrada em outro<\/div>\n<\/div>\n<div class=\"max-w-screen-lg mx-auto px-6 xl:px-0\">\n<div class=\"lg:flex justify-between items-center pb-4 border-b\">\n<div class=\"mb-4 lg:mb-0\">\n<div class=\"lg:flex items-center\" data-ds-component=\"author-small\">\n<div class=\"lg:flex-auto\">\n<p class=\"flex flex-wrap items-center\"><a class=\"text-base md:text-lg font-semibold tracking-tight text-wl-action-link hover:text-wl-action-link-hover underline underline-offset-2\" href=\"https:\/\/www.infomoney.com.br\/autor\/rodrigopaz\/\" aria-label=\"Rodrigo Paz\">Rodrigo Paz<\/a><\/p>\n<p class=\"im-mob-core-description lg:im-web-core-description text-wl-neutral-600\">23\/02\/2026 06h12\u00a0\u2022\u00a0Atualizado 9 horas atr\u00e1s<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"relative flex justify-between w-full max-w-[280px]\" data-ds-component=\"social-share\">\n<div class=\"size-5\"><\/div>\n<div class=\"size-5\"><\/div>\n<div class=\"size-5\"><\/div>\n<div class=\"size-5\"><\/div>\n<div class=\"size-5\"><\/div>\n<div class=\"size-5\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"max-w-screen-lg mx-auto px-6 xl:px-0 mb-6\">\n<section class=\"pt-3 pb-1\" data-ds-component=\"mentioned-tickers\" data-config=\"{&quot;title&quot;:&quot;Ativos mencionados na mat\\u00e9ria&quot;,&quot;symbols&quot;:[&quot;UGPA3&quot;,&quot;PCAR3&quot;,&quot;CSMG3&quot;,&quot;MRVE3&quot;,&quot;AXIA6&quot;,&quot;HAPV3&quot;,&quot;RAIZ4&quot;,&quot;CSNA3&quot;,&quot;CMIN3&quot;]}\">\n<div class=\"flex flex-col gap-2\">\n<h3 class=\"im-mob-core-bold-paragraph lg:im-web-core-bold-paragraph-1 text-content-one\">Ativos mencionados na mat\u00e9ria<\/h3>\n<nav class=\"overflow-x-scroll hide-scrollbars lg:overflow-x-auto\">\n<ul class=\"flex gap-3\">\n<li class=\"pb-2\">\n<h3 class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption\">UGPA3<\/h3>\n<div class=\"flex gap-1 items-center px-1.5 py-1 rounded  max-w-fit\">\n<div class=\"text-wl-asset-down size-3\">\n<div role=\"img\" aria-label=\"TriangleInverted\"><\/div>\n<\/div>\n<div class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption !leading-[0] text-error-pure\">-1,94%<\/div>\n<\/div>\n<\/li>\n<li class=\"pb-2\">\n<h3 class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption\">PCAR3<\/h3>\n<div class=\"flex gap-1 items-center px-1.5 py-1 rounded  max-w-fit\">\n<div class=\"text-wl-asset-rise size-3\">\n<div role=\"img\" aria-label=\"Triangle\"><\/div>\n<\/div>\n<div class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption !leading-[0] text-success-pure\">0,32%<\/div>\n<\/div>\n<\/li>\n<li class=\"pb-2\">\n<h3 class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption\">CSMG3<\/h3>\n<div class=\"flex gap-1 items-center px-1.5 py-1 rounded  max-w-fit\">\n<div class=\"text-wl-asset-down size-3\">\n<div role=\"img\" aria-label=\"TriangleInverted\"><\/div>\n<\/div>\n<div class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption !leading-[0] text-error-pure\">-1,01%<\/div>\n<\/div>\n<\/li>\n<li class=\"pb-2\">\n<h3 class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption\">MRVE3<\/h3>\n<div class=\"flex gap-1 items-center px-1.5 py-1 rounded  max-w-fit\">\n<div class=\"text-wl-asset-down size-3\">\n<div role=\"img\" aria-label=\"TriangleInverted\"><\/div>\n<\/div>\n<div class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption !leading-[0] text-error-pure\">-1,35%<\/div>\n<\/div>\n<\/li>\n<li class=\"pb-2\">\n<h3 class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption\">AXIA6<\/h3>\n<div class=\"flex gap-1 items-center px-1.5 py-1 rounded  max-w-fit\">\n<div class=\"text-wl-asset-down size-3\">\n<div role=\"img\" aria-label=\"TriangleInverted\"><\/div>\n<\/div>\n<div class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption !leading-[0] text-error-pure\">-1,78%<\/div>\n<\/div>\n<\/li>\n<li class=\"pb-2\">\n<h3 class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption\">HAPV3<\/h3>\n<div class=\"flex gap-1 items-center px-1.5 py-1 rounded  max-w-fit\">\n<div class=\"text-wl-asset-down size-3\">\n<div role=\"img\" aria-label=\"TriangleInverted\"><\/div>\n<\/div>\n<div class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption !leading-[0] text-error-pure\">-3,52%<\/div>\n<\/div>\n<\/li>\n<li class=\"pb-2\">\n<h3 class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption\">RAIZ4<\/h3>\n<div class=\"flex gap-1 items-center px-1.5 py-1 rounded  max-w-fit\">\n<div class=\"text-wl-asset-rise size-3\">\n<div role=\"img\" aria-label=\"Triangle\"><\/div>\n<\/div>\n<div class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption !leading-[0] text-success-pure\">3,33%<\/div>\n<\/div>\n<\/li>\n<li class=\"pb-2\">\n<h3 class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption\">CSNA3<\/h3>\n<div class=\"flex gap-1 items-center px-1.5 py-1 rounded  max-w-fit\">\n<div class=\"text-wl-asset-down size-3\">\n<div role=\"img\" aria-label=\"TriangleInverted\"><\/div>\n<\/div>\n<div class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption !leading-[0] text-error-pure\">-1,98%<\/div>\n<\/div>\n<\/li>\n<li class=\"pb-2\">\n<h3 class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption\">CMIN3<\/h3>\n<div class=\"flex gap-1 items-center px-1.5 py-1 rounded  max-w-fit\">\n<div class=\"text-wl-asset-rise size-3\">\n<div role=\"img\" aria-label=\"Triangle\"><\/div>\n<\/div>\n<div class=\"im-mob-core-bold-caption lg:im-web-core-bold-caption !leading-[0] text-success-pure\">0,56%<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/nav>\n<\/div>\n<\/section>\n<\/div>\n<article class=\"im-article clear-fix\" data-ds-component=\"article\">A\u00a0<strong>Ultrapar<\/strong>\u00a0(<a href=\"https:\/\/www.infomoney.com.br\/UGPA3\">UGPA3<\/a>) retorna ao foco dos investidores ao aparecer entre os pap\u00e9is mais \u201cesticados\u201d do Ibovespa pela leitura do\u00a0<a href=\"https:\/\/www.infomoney.com.br\/mercados\/ifr-indice-de-forca-relativa\/\">\u00cdndice de For\u00e7a Relativa (IFR)<\/a>. O dado mais recente mostra o indicador em\u00a0<strong>83,52 pontos<\/strong>\u00a0\u2014 patamar t\u00edpico de sobrecompra \u2014 sinalizando que, depois de uma sequ\u00eancia relevante de valoriza\u00e7\u00e3o, o ativo pode se aproximar de um movimento de corre\u00e7\u00e3o t\u00e9cnica. Em\u00a0<strong>2026<\/strong>, a a\u00e7\u00e3o j\u00e1 sobe\u00a0<strong>32,92%<\/strong>, enquanto, no acumulado de\u00a0<strong>12 meses<\/strong>, os ganhos chegam a\u00a0<strong>81,68%<\/strong>.<\/p>\n<p>Na outra ponta, o\u00a0<strong>GPA<\/strong>\u00a0(<a href=\"https:\/\/www.infomoney.com.br\/PCAR3\">PCAR3<\/a>) figura entre os ativos mais \u201cdescontados\u201d do \u00edndice, com\u00a0<strong>IFR em 25,22 pontos<\/strong>, regi\u00e3o pr\u00f3xima \u00e0 de sobrevenda. Esse contexto pode gerar uma assimetria interessante para o investidor, mas exige aten\u00e7\u00e3o \u00e0 din\u00e2mica dos pre\u00e7os e \u00e0 presen\u00e7a de gatilhos que sustentem uma rea\u00e7\u00e3o mais consistente. Em\u00a0<strong>2026<\/strong>, o papel recua\u00a0<strong>18,42%<\/strong>, ao passo que, no intervalo de\u00a0<strong>12 meses<\/strong>, registra alta de\u00a0<strong>13,97%<\/strong>.<\/p>\n<h2 id=\"h-ifr-acoes-da-bolsa\" class=\"wp-block-heading\">IFR: a\u00e7\u00f5es da bolsa<\/h2>\n<p>O \u00cdndice de For\u00e7a Relativa (IFR), ferramenta amplamente utilizada na an\u00e1lise t\u00e9cnica, avalia a for\u00e7a dos movimentos de pre\u00e7o em uma escala de 0 a 100. Leituras acima de\u00a0<strong>70<\/strong>\u00a0costumam indicar\u00a0<strong>sobrecompra<\/strong>, enquanto valores abaixo de\u00a0<strong>30<\/strong>\u00a0sugerem\u00a0<strong>survenda<\/strong>.<\/p>\n<p>Em termos pr\u00e1ticos, isso indica que a\u00a0<strong>Ultrapar<\/strong>\u00a0pode estar passando por um momento de forte otimismo, ao passo que\u00a0<strong>GPA<\/strong>\u00a0enfrenta maior press\u00e3o vendedora \u2014 condi\u00e7\u00e3o que, por vezes, pode abrir espa\u00e7o para movimentos de recupera\u00e7\u00e3o no curto prazo.<\/p>\n<p>Tamb\u00e9m aparecem na lista das a\u00e7\u00f5es em\u00a0<strong>regi\u00e3o de sobrecompra<\/strong>:\u00a0<strong>Cury (Cury3)<\/strong>,\u00a0<strong>Copasa (<a href=\"https:\/\/www.infomoney.com.br\/CSMG3\">CSMG3<\/a>)<\/strong>,\u00a0<strong>MRV (<a href=\"https:\/\/www.infomoney.com.br\/MRVE3\">MRVE3<\/a>)<\/strong>\u00a0e\u00a0<strong>Axia Energia (<a href=\"https:\/\/www.infomoney.com.br\/AXIA6\">AXIA6<\/a>)<\/strong>.<\/p>\n<p>Do lado oposto, entre os pap\u00e9is mais pressionados no momento, est\u00e3o\u00a0<strong>Hapvida (<a href=\"https:\/\/www.infomoney.com.br\/HAPV3\">HAPV3<\/a>)<\/strong>,\u00a0<strong>Ra\u00edzen (<a href=\"https:\/\/www.infomoney.com.br\/RAIZ4\">RAIZ4<\/a>), CSN (<a href=\"https:\/\/www.infomoney.com.br\/CSNA3\">CSNA3<\/a>)<\/strong>\u00a0e\u00a0<strong>CSN Minera\u00e7\u00e3o\u00a0(<a href=\"https:\/\/www.infomoney.com.br\/CMIN3\">CMIN3<\/a>)<\/strong>, negociando em \u00e1reas t\u00e9cnicas consideradas mais fr\u00e1geis.<\/p>\n<figure class=\"mx-auto my-6 my-12 mx-auto space-y-2 max-w-2xl\"><img decoding=\"async\" class=\"img-fluid rounded-sm\" src=\"https:\/\/www.infomoney.com.br\/wp-content\/uploads\/2026\/02\/IFR-14-1.png?quality=70&amp;strip=all\" data-recalc-dims=\"1\" data-size=\"default\" \/><figcaption class=\"text-xs text-wl-neutral-500\">Fonte: Nelogica. Elabora\u00e7\u00e3o: Rodrigo Paz<\/figcaption><\/figure>\n<p><a href=\"https:\/\/www.infomoney.com.br\/mercados\/expert-trader-xp-inicia-vendas-para-evento-de-trading-em-sao-paulo\/\">Expert Trader XP inicia vendas para evento presencial em S\u00e3o Paulo<\/a><\/p>\n<h2 id=\"h-analise-tecnica-ultrapar-ugpa3\" class=\"wp-block-heading\">An\u00e1lise t\u00e9cnica Ultrapar (<a href=\"https:\/\/www.infomoney.com.br\/UGPA3\">UGPA3<\/a>)<\/h2>\n<p>A\u00a0<strong>Ultrapar (<a href=\"https:\/\/www.infomoney.com.br\/UGPA3\">UGPA3<\/a>)<\/strong>\u00a0preserva uma\u00a0<strong>forte tend\u00eancia de alta no curto prazo<\/strong>. No gr\u00e1fico di\u00e1rio, o papel segue negociando acima das m\u00e9dias m\u00f3veis de\u00a0<strong>9, 21 e 200 per\u00edodos<\/strong>, refor\u00e7ando a leitura construtiva e a clara predomin\u00e2ncia do fluxo comprador. Na \u00faltima sess\u00e3o, a a\u00e7\u00e3o avan\u00e7ou\u00a0<strong>1,02%<\/strong>, encerrando aos\u00a0<strong>R$ 27,78<\/strong>, ap\u00f3s oscilar entre a m\u00ednima de\u00a0<strong>R$ 27,10<\/strong>\u00a0e a m\u00e1xima de\u00a0<strong>R$ 27,86<\/strong>.<\/p>\n<p>Apesar do pano de fundo amplamente positivo, o movimento j\u00e1 evidencia\u00a0<strong>esticamento relevante<\/strong>, com afastamento expressivo das m\u00e9dias m\u00f3veis, enquanto o\u00a0<strong>IFR (14) em 83,52<\/strong>\u00a0sinaliza condi\u00e7\u00e3o de sobrecompra. Esse conjunto de fatores eleva a probabilidade de\u00a0<strong>corre\u00e7\u00f5es pontuais<\/strong>\u00a0ou de um per\u00edodo de\u00a0<strong>consolida\u00e7\u00e3o no curto prazo<\/strong>, ainda que, at\u00e9 o momento, n\u00e3o haja sinais t\u00e9cnicos consistentes de revers\u00e3o da tend\u00eancia principal.<\/p>\n<p>Para a continuidade do fluxo comprador, ser\u00e1 decisiva a\u00a0<strong>supera\u00e7\u00e3o da faixa de resist\u00eancia em R$ 27,86<\/strong>, o que pode destravar novas proje\u00e7\u00f5es de alta. Em sentido oposto, um ajuste mais consistente tende a ganhar tra\u00e7\u00e3o caso o papel perca a\u00a0<strong>regi\u00e3o das m\u00e9dias m\u00f3veis<\/strong>, com aten\u00e7\u00e3o especial aos\u00a0<strong>suportes mais pr\u00f3ximos<\/strong>.<\/p>\n<p><strong>Resist\u00eancias:<\/strong>\u00a0R$ 27,86; R$ 28,72; R$ 30,32; R$ 31,63.<br \/>\n<strong>Suportes:<\/strong>\u00a0R$ 26,39; R$ 25,52; 23,99; 22,60; 21,79; 20,52; 19,98.<\/p>\n<figure class=\"mx-auto my-6 my-12 mx-auto space-y-2 max-w-2xl\"><img decoding=\"async\" class=\"img-fluid rounded-sm\" src=\"https:\/\/www.infomoney.com.br\/wp-content\/uploads\/2026\/02\/ULTRAPAR-UGPA3-DIARIO-23.02.2026.png?quality=70&amp;strip=all\" data-recalc-dims=\"1\" data-size=\"default\" \/><figcaption class=\"text-xs text-wl-neutral-500\">Fonte: Nelogica. Gr\u00e1fico di\u00e1rio. Elabora\u00e7\u00e3o: Rodrigo Paz<\/figcaption><\/figure>\n<h2 id=\"h-analise-tecnica-gpa-pcar3\" class=\"wp-block-heading\">An\u00e1lise t\u00e9cnica GPA (<a href=\"https:\/\/www.infomoney.com.br\/PCAR3\">PCAR3<\/a>)<\/h2>\n<p>O GPA (<a href=\"https:\/\/www.infomoney.com.br\/PCAR3\">PCAR3<\/a>) mant\u00e9m\u00a0<strong>tend\u00eancia de baixa no curto prazo<\/strong>, com o gr\u00e1fico di\u00e1rio mostrando o ativo negociando\u00a0<strong>abaixo das m\u00e9dias m\u00f3veis<\/strong>, o que refor\u00e7a a domin\u00e2ncia do fluxo vendedor. Na \u00faltima sess\u00e3o, a a\u00e7\u00e3o avan\u00e7ou\u00a0<strong>2,31%<\/strong>, em sinal de corre\u00e7\u00e3o ap\u00f3s fortes baixas recentes, encerrando aos\u00a0<strong>R$ 3,10<\/strong>.<\/p>\n<p>O papel negocia\u00a0<strong>abaixo das m\u00e9dias<\/strong>\u00a0com um afastamento consider\u00e1vel, enquanto o\u00a0<strong>IFR (14) em 25,22<\/strong>, em faixa de sobrevenda, pode abrir espa\u00e7o para\u00a0<strong>repique t\u00e9cnico ou consolida\u00e7\u00e3o<\/strong>\u00a0no curto prazo. Ainda assim, n\u00e3o h\u00e1, at\u00e9 o momento, sinais t\u00e9cnicos claros de revers\u00e3o de tend\u00eancia.<\/p>\n<p>Para que o ativo volte a atrair fluxo comprador, ser\u00e1 necess\u00e1ria a supera\u00e7\u00e3o da resist\u00eancia em\u00a0<strong>R$ 3,13<\/strong>\u00a0e, principalmente, da regi\u00e3o de\u00a0<strong>R$ 3,58<\/strong>. Por outro lado, a continuidade do movimento de baixa tende a ganhar for\u00e7a com a perda do suporte nos\u00a0<strong>R$ 2,94\/ R4 2,61<\/strong>.<\/p>\n<p><strong>Resist\u00eancias:<\/strong>\u00a0R$ 3,13; R$ 3,58; R$ 3,95; R$ 4,19; R$ 4,40; R$ 4,60.<br \/>\n<strong>Suportes:<\/strong> R$ 2,94; R$ 2,61; R$ 2,35; R$ 2,18.<\/p>\n<figure class=\"mx-auto my-6 my-12 mx-auto space-y-2 max-w-2xl\"><img decoding=\"async\" class=\"img-fluid rounded-sm\" src=\"https:\/\/www.infomoney.com.br\/wp-content\/uploads\/2026\/02\/GPA-PCAR3-DIARIO-23.02.2026.png?quality=70&amp;strip=all\" data-recalc-dims=\"1\" data-size=\"default\" \/><figcaption class=\"text-xs text-wl-neutral-500\">Fonte: Nelogica. Gr\u00e1fico di\u00e1rio. Elabora\u00e7\u00e3o: Rodrigo Paz<\/figcaption><\/figure>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>Na outra ponta, o\u00a0GPA\u00a0(PCAR3) figura entre os ativos mais \u201cdescontados\u201d do \u00edndice, com\u00a0IFR em 25,22 pontos, regi\u00e3o pr\u00f3xima \u00e0 de sobrevenda. Esse contexto pode gerar uma assimetria interessante para o investidor, mas exige aten\u00e7\u00e3o \u00e0 din\u00e2mica dos pre\u00e7os e \u00e0 presen\u00e7a de gatilhos que sustentem uma rea\u00e7\u00e3o mais consistente. Em\u00a02026, o papel recua\u00a018,42%, ao passo que, no intervalo de\u00a012 meses, registra alta de\u00a013,97%.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56,62],"tags":[],"class_list":["post-124723","post","type-post","status-publish","format-standard","hentry","category-l-founders","category-pao-de-acucar"],"acf":[],"_links":{"self":[{"href":"https:\/\/monitoramento.spmj.com.br\/noticias\/wp-json\/wp\/v2\/posts\/124723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monitoramento.spmj.com.br\/noticias\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monitoramento.spmj.com.br\/noticias\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monitoramento.spmj.com.br\/noticias\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/monitoramento.spmj.com.br\/noticias\/wp-json\/wp\/v2\/comments?post=124723"}],"version-history":[{"count":1,"href":"https:\/\/monitoramento.spmj.com.br\/noticias\/wp-json\/wp\/v2\/posts\/124723\/revisions"}],"predecessor-version":[{"id":124724,"href":"https:\/\/monitoramento.spmj.com.br\/noticias\/wp-json\/wp\/v2\/posts\/124723\/revisions\/124724"}],"wp:attachment":[{"href":"https:\/\/monitoramento.spmj.com.br\/noticias\/wp-json\/wp\/v2\/media?parent=124723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monitoramento.spmj.com.br\/noticias\/wp-json\/wp\/v2\/categories?post=124723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monitoramento.spmj.com.br\/noticias\/wp-json\/wp\/v2\/tags?post=124723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}