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Shunya.Trade Options Engine
Latin America Market Pre-Market Analysis
Volatility Index — CBOE VIX
21.4% High
Bovespa (Brazil)
Strong Bullish197,324
+1.12%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (86.6)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Trading above the 20-day SMA (184,764), the asset maintains its bullish price structure — dip-buying remains the high-probability play. At 87 on the RSI, the asset is technically overbought. Momentum can sustain here, but the probability of a corrective pause rises. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. The structured approach identifies Short Put (Cash-Secured) at 77% as the highest-probability play. Risk/reward and regime fit both favour this setup.
Support / Resistance
Support175,039
Resistance197,554
Moving Averages
21-day SMA184,503
50-day SMA185,150
100-day SMA173,482
200-day SMA157,241
Moving Average Signals
Bullish short-term cross (21-EMA crossed above 50-SMA) — Trend accelerating upward
Momentum (RSI)
RSI is extremely high at 86.6 (Overbought), indicating price is extended and a pullback is likely.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price has broken above the upper Bollinger Band, indicating strong upward strength but risk of reversion.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 197,554 |
| 23.6% | 192,240 |
| 38.2% | 188,953 |
| 50.0% | 186,296 |
| 61.8% | 183,640 |
| 78.6% | 179,857 |
| Low (100.0%) | 175,039 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 200,481 |
| Ext 1.272 (Up) | 203,678 |
| Ext 1.618 (Up) | 211,468 |
| Ext 1.13 (Dn) | 172,112 |
| Ext 1.272 (Dn) | 168,915 |
| Ext 1.618 (Dn) | 161,125 |
Trade Setup
Entry
197,324
Stop Loss
195,293
Take Profit
201,386
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Short Put (Cash-Secured)77%
Sell OTM Put
Covered Call77%
Own shares + Sell OTM Call
Bull Put Spread77%
Sell Put + Buy lower Put
Market Search Previews
Key Takeaway
Monitor BRL strength and commodity correlations for BOVESPA directional cues during the B3 session.
⚠ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice. Options trading involves significant risk of loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.