VTEX

VTEX remains in a Stage 2 advance with higher-highs and higher-lows intact, but a Bullish Exhaustion pattern and price under declining 9/21 EMAs signal weakening momentum. Medium-term bias stays Bullish despite long-term downtrend, while short-term timing is unfavorable. Best to wait for a deeper pullback into support—around the 50-day SMA or prior swing lows—before initiating a long entry.

• ↑EPS forecast up 21% to $0.23, driven by AI and new clients.
• ↑Subscription gross margin at 81.5%, improving 240 bps YoY.
• ↓Brazil macro pressures constrain GMV growth and deal closures.