Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-20 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 5628973

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	13.87	14.05	14.06	13.84	1.023 times
19 Mon Aug 2024	14.18	14.20	14.34	14.15	0.654 times
16 Fri Aug 2024	14.07	14.00	14.14	13.94	0.776 times
15 Thu Aug 2024	13.95	13.90	14.11	13.86	0.73 times
14 Wed Aug 2024	13.74	13.71	13.85	13.66	0.686 times
13 Tue Aug 2024	13.65	13.61	13.68	13.46	0.745 times
12 Mon Aug 2024	13.56	13.51	13.73	13.46	0.938 times
09 Fri Aug 2024	13.19	12.99	13.41	12.87	1.272 times
08 Thu Aug 2024	13.19	12.90	13.24	12.81	1.586 times
07 Wed Aug 2024	12.85	13.06	13.07	12.78	0.897 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.8, but if it comes below 13.8, then a intra day sell could be more profitable.
If you take a sell trade below 13.8, then use 13.8 as stoploss and 13.29 as target. However if you take a buy trade in stock , then use 13.8 as stoploss and 14.4 as target.

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
Upside Target	14.14
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	13.69
Downside Intraday Target	13.52
Upside Intraday Target	14.19
Upside Intraday Target	14.52
Upside Intraday Target	14.02

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	13.87	14.20	14.34	13.84	0.433 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 down 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 Tue Aug 2024	13.87	13.29	14.34	11.93	0.948 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Petroleo Brasileiro stock for short term is BUY. Signal strength is Strong and stock is losing 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 coming down

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 13.55 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.