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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 2024-08-19 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 5977734

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	14.18	14.20	14.34	14.15	0.616 times
16 Fri Aug 2024	14.07	14.00	14.14	13.94	0.731 times
15 Thu Aug 2024	13.95	13.90	14.11	13.86	0.688 times
14 Wed Aug 2024	13.74	13.71	13.85	13.66	0.646 times
13 Tue Aug 2024	13.65	13.61	13.68	13.46	0.702 times
12 Mon Aug 2024	13.56	13.51	13.73	13.46	0.883 times
09 Fri Aug 2024	13.19	12.99	13.41	12.87	1.198 times
08 Thu Aug 2024	13.19	12.90	13.24	12.81	1.493 times
07 Wed Aug 2024	12.85	13.06	13.07	12.78	0.845 times
06 Tue Aug 2024	12.81	12.52	12.98	12.43	1.615 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 14.3, for a target of 13.8 or 13.27

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	11.93
Downside Target	12.44
Downside Target	13.17
Downside Target	13.83
Downside Target	14.15
Upside Target	14.30
Upside Target	14.34
Upside Target	14.73
Upside Target	14.84
Upside Target	16.44
Upside Target	16.54

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

Target Type	Value
Downside Intraday Target	14.11
Downside Intraday Target	14.03
Upside Intraday Target	14.3
Upside Intraday Target	14.41
Upside Intraday Target	14.22

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	14.18	14.20	14.34	14.15	0.169 times
16 Fri Aug 2024	14.07	13.51	14.14	13.46	0.575 times
09 Fri Aug 2024	13.19	12.01	13.41	11.93	1.731 times
02 Fri Aug 2024	12.48	13.20	13.33	12.44	1.258 times
26 Fri Jul 2024	13.31	13.81	13.83	13.17	1.107 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
19 Mon Aug 2024	14.18	13.29	14.34	11.93	0.879 times
31 Wed Jul 2024	13.16	13.76	14.30	12.84	0.746 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

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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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

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 buy signal for Petroleo Brasileiro in short term and BUY signal is strong.

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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.39 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 positive

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