MRV Engenharia e Participações SA (MRVE3) shares have surged 21% in August, extending their 2025 gains to more than 36% as investors bet on the builder’s recovery, according to data compiled by InfoMoney. The stock is trading at R$7.24, its highest level of the year, after bottoming at R$4.43 earlier in 2025.
Part of the rally followed stronger-than-expected second-quarter earnings, driven by the company’s performance in Brazil and supported by the government’s Minha Casa Minha Vida housing program, InfoMoney reported.
Technically, MRVE3 has been in an uptrend since February, when it found a floor at R$4.43. The breakout above key moving averages drew fresh buying interest, but analysts warn the recent rally has stretched momentum indicators, with the 14-day Relative Strength Index hovering at 66.4 — close to overbought territory.
In the short term, the next resistance lies between R$7.43 and R$7.89. A successful breakout could push the stock toward R$8.20, then R$8.58 to R$8.94. On the downside, support sits at R$6.92 to R$6.40; if broken, MRVE3 could slip toward its 200-day moving average at R$5.69, or even to R$5.18 and below.
On a weekly chart, the broader structure reinforces the recovery, with MRVE3 now trading at its 2025 peak. Sustained gains would require clearing the R$8.20 region, opening the way toward R$8.46, R$10.18 and possibly R$11.58. A loss of momentum, however, could trigger a corrective wave, with downside risk to R$7.13 initially, and deeper toward R$5.89 if support levels fail.