El Oráculo · GLOB: breakout at 60d high with pending rerating
Machine translation of the Spanish original. Read the original
Globant closed today at its 60-day high with 18% momentum over 20 sessions and a vol_ratio of 1.6, signaling sustained accumulation. The market has not yet priced in the valuation rerating: analysts estimate the stock trades 36% below its intrinsic value based on cash flows, representing a medium-term catalyst that could begin to be priced in over the coming week. The closest historical setups in 60d features show returns of +4.8% and +8.1% over 3-5 day horizons when the stock breaks out to a 60-day high with positive momentum.
El Oráculo
Wednesday, October 21, 2026
| GLOB | CEDEAR |
■BREAKOUT AT 60D HIGH + DISCOUNTED VALUATION
Target +4.2% · 5 sessions
|
Conf. 6/10 |
Prob. 58% |
Target +4.2% |
Stop -3.5% |
GLOB: breakout at 60d high with pending rerating
The key data point
GLOB at 60d high: momentum +18% in 20d, valuation 36% below fair value
The thesis
Context
This is not investment advice. The published information is general and does not account for individual situations. Trading in financial markets involves risk of loss. Consult a registered financial advisor before making decisions (Law 26.831).
b1757008a4a6aebad32e74145261c5e7b894ed844b8eacd3b08b88a33331ae7b and was anchored to Bitcoin (OpenTimestamps). It has not been edited.Keep reading
- Sin categoría
El Oráculo · T31Y7: LECAP 84 bp cheap vs curve
The curve model flags T31Y7 as cheap with a residual of 84.78 bp compared to its fixed rate peers, the largest visible dislocation in today's bond universe. With positive momentum of +2.5% over 20d and the price just -0.31% off its 60d high, selling pressure does not explain the dislocation — a pricing lag in a relatively less liquid instrument is more likely. Convergence to curve fair value should materialize in 3-5 trading sessions as market makers adjust.
- Sin categoría
El Oráculo · BBD: up 3% despite Lula shock on 5x vol
Bradesco reported solid results on 23/oct (loan portfolio exceeded BRL 1.1 trillion, BRL 10B capital increase, 45M digital clients) and is up 3.4% today on volume 5.3x the 30-day average, despite the broad selloff in Brazilian ADRs following Lula's victory. The divergence is the signal: the market is punishing the political backdrop, but BBD has already absorbed the positive fundamental catalyst. The Donchian breakout triggered today has a 61% hit rate vs 47.8% base rate, confirmed out-of-sample, with a 2-day horizon.
- Sin categoría
El Oráculo · NU: systemic selloff erases UBS upgrade
NU falls -2.19% today on volume 3.56x average, dragged down by the broad tech selloff (Nasdaq -2.6%) following Meta's capex noise. The UBS upgrade to $20.50 on 20/10 generated +5.8% that day, but today's systemic panic is erasing part of that move with no fundamental deterioration in the business. With earnings 20 days away, there is no surprise risk within the horizon, and historically similar setups show 3 consecutive wins in comparable configurations.