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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 2024-09-06 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 5155256

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	13.43	13.78	13.79	13.38	0.921 times
05 Thu Sep 2024	13.73	13.78	13.85	13.69	0.858 times
04 Wed Sep 2024	13.67	13.69	13.79	13.65	0.799 times
03 Tue Sep 2024	13.64	13.83	13.83	13.60	0.868 times
30 Fri Aug 2024	13.94	13.75	14.00	13.72	0.934 times
30 Fri Aug 2024	13.94	13.75	14.00	13.72	0.934 times
29 Thu Aug 2024	14.01	14.02	14.15	13.92	0.748 times
28 Wed Aug 2024	14.30	14.14	14.35	14.11	0.886 times
27 Tue Aug 2024	14.22	14.28	14.33	14.16	1.013 times
26 Mon Aug 2024	14.43	13.75	14.44	13.74	2.128 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 13.6, but if it comes above 13.6, then a intra day buy could be more profitable.
If you take a sell trade below 13.6, then use 13.6 as stoploss and 13.3 as target. However if you take a buy trade in stock , then use 13.6 as stoploss and 13.86 as target.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	11.93
Downside Target	12.66
Downside Target	13.38
Upside Target	14.10
Upside Target	14.14
Upside Target	14.30
Upside Target	14.34
Upside Target	14.44
Upside Target	14.84
Upside Target	16.54

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

Target Type	Value
Downside Intraday Target	13.26
Downside Intraday Target	13.08
Upside Intraday Target	13.73
Upside Intraday Target	14.02
Upside Intraday Target	13.55

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	13.43	13.83	13.85	13.38	3.689 times
30 Fri Aug 2024	13.94	13.75	14.00	13.72	0.164 times
30 Fri Aug 2024	13.94	13.75	14.44	13.72	1.328 times
23 Fri Aug 2024	13.46	14.20	14.34	13.40	1.016 times
16 Fri Aug 2024	14.07	13.51	14.14	13.46	0.575 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	13.43	13.83	13.85	13.38	0.141 times
30 Fri Aug 2024	13.94	13.29	14.44	11.93	1.512 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

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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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

Petroleo Brasileiro Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Petroleo Brasileiro in short term and SELL 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 14 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 positive

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