Brazil Stock Market Index (Bovespa)

The overall recommendation is Strong Buy based on technical indicators and moving averages. An RSI between 30 and 70 is pretty normal, showing a neutral rating. The MACD line is above the signal line which is a bullish hint. The 10-day EMA is above the 20-day EMA which suggests short-term strength. The current price is above the 50-day SMA which is a sign of medium-term strength. The 50-day SMA is above the 200-day SMA, supporting a longer-term positive trend. The ATR is 1559.85 which gives a sense of the current price volatility.

Morgan Stanley forecasts the Ibovespa index to reach 146,000 points by the end of 2025 with a more optimistic scenario projecting 160,000 points. For mid-2026, Morgan Stanley raises its forecast to 189,000 points, anticipating a potential shift in government and attractive stock valuations. Itaú BBA projects the Ibovespa to reach 165,000 points by the end of 2025, citing compelling valuations and an expected 12% profit growth for Brazilian companies. Fund managers surveyed by Bank of America show increasing conviction in the Ibovespa with 83% expecting it to exceed 140,000 points in the next six months. XP analysis suggests continued foreign investment and falling inflation and interest rates will support the Ibovespa. MSX Invest's CIO, Marco Saravalle, projects the Ibovespa could reach 170,000 points by the end of 2026, driven by gradual Selic rate reductions and lower long-term capital costs.