AXIA

AXIA remains in a clear Stage 4 decline with active lower highs and lower lows reinforcing a bearish medium-term bias. Price continues rejecting at declining EMAs and trades below major moving averages on elevated volume, confirming distribution. Oversold RSI and minor exhaustion attempts have failed to spark sustained buying, and relative underperformance versus the market aligns with further downside. Therefore, the posture is Sell Now to participate in continued breakdown.

• ↑Q1 2026 EBITDA rose 60% YoY to R$8.6 B; net income R$3.7 B
• ↑Secured 190 MW reserve auction; R$1.4 M/MW annual revenue potential
• ↓Regulatory changes remain unclear, risking price volatility