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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 2024-07-16 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 3722820

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	14.12	14.15	14.16	13.95	1.026 times
15 Mon Jul 2024	14.11	14.05	14.24	13.99	0.735 times
12 Fri Jul 2024	14.04	14.08	14.13	13.99	0.699 times
11 Thu Jul 2024	14.13	14.11	14.18	14.00	0.597 times
10 Wed Jul 2024	14.08	14.26	14.30	13.99	0.795 times
09 Tue Jul 2024	14.18	14.12	14.23	14.01	1.175 times
08 Mon Jul 2024	14.07	13.58	14.07	13.57	1.261 times
05 Fri Jul 2024	13.78	13.56	13.78	13.48	1.756 times
03 Wed Jul 2024	13.70	13.68	13.83	13.57	0.904 times
03 Wed Jul 2024	13.70	13.68	13.83	13.57	0.904 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 14, but if it comes below 14, then a intra day sell could be more profitable.
If you take a sell trade below 14, then use 14 as stoploss and 13.77 as target. However if you take a buy trade in stock , then use 14 as stoploss and 14.4 as target.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	12.66
Downside Target	13.29
Downside Target	14.10
Upside Target	14.24
Upside Target	14.30
Upside Target	14.73
Upside Target	14.84
Upside Target	16.44
Upside Target	16.48
Upside Target	16.54

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

Target Type	Value
Downside Intraday Target	13.97
Downside Intraday Target	13.81
Upside Intraday Target	14.26
Upside Intraday Target	14.39
Downside Intraday Target	14.1

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	14.12	14.05	14.24	13.95	0.389 times
12 Fri Jul 2024	14.04	13.58	14.30	13.57	1.702 times
05 Fri Jul 2024	13.78	13.68	13.83	13.48	0.881 times
03 Wed Jul 2024	13.70	13.76	13.87	13.48	0.499 times
28 Fri Jun 2024	13.64	13.59	13.78	13.29	1.403 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
16 Tue Jul 2024	14.12	13.76	14.30	13.48	0.399 times
28 Fri Jun 2024	13.64	14.69	14.84	12.66	0.789 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

Scroll below to view daily charts

Price has moved up 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 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Petroleo Brasileiro ( (PBR.A) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Petroleo Brasileiro in short term but the buy signal is initial and weak.

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

Petroleo Brasileiro Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Petroleo Brasileiro in short term but SELL 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 13.97 and Petroleo Brasileiro (PBR.A) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.