IBOVESPA Bullish Momentum With A 5% Rise In The Last 21 Sessions

(VIANEWS) – IBOVESPA (BVSP) has been up by 5.33% for the last 21 sessions. At 10:10 EST on Tuesday, 9 May, IBOVESPA (BVSP) is $106,357.62.

Regarding IBOVESPA’s yearly highs and lows, it’s 11.64% up from its 52-week low and 11.92% down from its 52-week high.

Volatility

IBOVESPA’s last week, last month’s, and last quarter’s current intraday variation average was 1.00%, 0.27%, and 1.02%, respectively.

IBOVESPA’s highest amplitude of average volatility was 1.07% (last week), 1.07% (last month), and 1.02% (last quarter), respectively.

Index Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, IBOVESPA’s is considered to be oversold (<=20).

News about

• According to DailyForex on Monday, 8 May, "But in 2023, the S&P 500 seems to have shed the previous years’ bearishness with the ease of putting away a raincoat after a rainfall.", "I entered my first long trade on the S&P 500 since 2020’s bearishness when the price level bounced precisely off a 50% retracement level from the low in March 2020 to the all-time high in January 2022."
• According to FXStreet on Monday, 8 May, "Against this backdrop, S&P 500 Futures print mild losses while the US Treasury bond yields also remain pressured, which in turn allows the US Dollar to lick its wounds."
• According to Zacks on Monday, 8 May, "Wall Street offered a moderate-to-downbeat performance last week with the S&P 500 (down 0.8%), the Dow Jones (down 1.24%), the Nasdaq (up 0.1%) and the Russell 2000 (down 0.5%) returning in the range of down 1.24% to up 0.1%."
• According to FXStreet on Monday, 8 May, "Against this backdrop, the S&P 500 Futures print mild losses near 4,147 after posting a stellar run-up on Friday whereas the US 10-year Treasury bond yields dropped 1.5 basis points (bps) to 3.43%, pressured for the third consecutive week."
• According to FXStreet on Monday, 8 May, "While portraying the mood, the S&P 500 Futures print mild losses near 4,147 after posting a stellar run-up on Friday. "

More news about IBOVESPA (BVSP).