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(PBR.A) Petroleo Brasileiro complete technical analysis [charts+indicators] | Buy/Sell Petroleo Brasileiro | (PBR.A) share price targets

Complete technical analysis of Petroleo Brasileiro (PBR.A) by charts plus indicators, forecast predictions and share price targets for Petroleo Brasileiro (PBR.A)

Petroleo Brasileiro trades in USA in N A sector.

Showing technical analysis as on 2024-06-20 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 6390410

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	13.36	13.41	13.62	13.30	1.035 times
18 Tue Jun 2024	13.22	12.97	13.31	12.97	0.854 times
18 Tue Jun 2024	13.22	12.97	13.31	12.97	0.854 times
17 Mon Jun 2024	12.87	12.66	12.95	12.66	0.892 times
14 Fri Jun 2024	12.91	13.09	13.23	12.78	1.232 times
13 Thu Jun 2024	13.21	13.30	13.36	12.90	1.202 times
12 Wed Jun 2024	13.58	14.00	14.02	13.53	1.412 times
11 Tue Jun 2024	14.00	14.07	14.13	13.94	0.52 times
10 Mon Jun 2024	13.99	13.88	14.16	13.84	0.658 times
07 Fri Jun 2024	13.85	14.46	14.50	13.82	1.477 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 13.3 as stoploss in an intra day buy trade for a target of 13.97. However, stock will show a bearish move below 13.3.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	12.66
Downside Target	13.31
Upside Target	13.62
Upside Target	14.73
Upside Target	14.82
Upside Target	14.84
Upside Target	15.99
Upside Target	16.44
Upside Target	16.48
Upside Target	16.54
Upside Target	17.32

Intraday share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Intraday Target	13.01
Downside Intraday Target	12.67
Upside Intraday Target	13.66
Upside Intraday Target	13.97
Downside Intraday Target	13.32

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	13.36	12.97	13.62	12.97	1.082 times
18 Tue Jun 2024	13.22	12.66	13.31	12.66	0.348 times
14 Fri Jun 2024	12.91	13.88	14.16	12.78	1.076 times
07 Fri Jun 2024	13.85	14.69	14.84	13.82	1.34 times
31 Fri May 2024	14.81	14.55	14.82	14.38	0.777 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	13.36	14.69	14.84	12.66	0.602 times
31 Fri May 2024	14.81	16.13	16.54	14.10	0.893 times
30 Tue Apr 2024	16.12	14.87	16.44	14.73	0.956 times
28 Thu Mar 2024	14.90	16.41	16.48	14.08	1.216 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Petroleo Brasileiro (PBR.A)

Price action analysis of Petroleo Brasileiro ( (PBR.A) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Petroleo Brasileiro ( (PBR.A) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Petroleo Brasileiro ( (PBR.A) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Petroleo Brasileiro ( (PBR.A) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Petroleo Brasileiro stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Petroleo Brasileiro in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Petroleo Brasileiro Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Petroleo Brasileiro in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Petroleo Brasileiro is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.4 and Petroleo Brasileiro (PBR.A) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Petroleo Brasileiro (PBR.A) stock. Volume based technical analysis of Petroleo Brasileiro (PBR.A) stock is negative.

Petroleo Brasileiro Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.