Dlocal Ltd

DLO remains in a Stage 2 advancing regime underpinned by higher highs and lows and rising EMAs, but the parabolic acceleration has pushed indicators to extreme overbought and weakness has appeared in the form of exhaustion candles. Medium- and long-term orientations remain bullish, yet short-term timing is suboptimal. We will defer entry, stalking for pullbacks into the rising 9-EMA to 21-EMA zone to optimize risk-exposure before participating in further continuation.

• ↑TPV up 73% YoY to $14.1B in Q1 2026.
• ↑Revenue +18% YoY to $217M; net income $42M ($52M adj).
• ↓OPEX rose 58% YoY to $62M, pressuring margins.