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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 2024-09-16 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 4849571

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	13.50	13.57	13.69	13.48	0.981 times
13 Fri Sep 2024	13.20	13.30	13.46	13.16	1.052 times
12 Thu Sep 2024	13.11	13.19	13.20	12.96	0.896 times
11 Wed Sep 2024	13.22	13.37	13.37	13.01	1.067 times
10 Tue Sep 2024	13.16	13.47	13.53	13.06	1.338 times
09 Mon Sep 2024	13.59	13.40	13.69	13.38	0.991 times
06 Fri Sep 2024	13.43	13.78	13.79	13.38	0.979 times
05 Thu Sep 2024	13.73	13.78	13.85	13.69	0.912 times
04 Wed Sep 2024	13.67	13.69	13.79	13.65	0.849 times
03 Tue Sep 2024	13.64	13.83	13.83	13.60	0.923 times

My analysis of stock is bearish for shortterm, and stock might move down till 13.3 or till 12.9. Use a stoploss of 13.69 and if the stock hits stoploss, then it can shoot up till 14.06

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	13.85
Upside Target	14.00
Upside Target	14.10
Upside Target	14.30
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	13.42
Downside Intraday Target	13.35
Upside Intraday Target	13.63
Upside Intraday Target	13.77
Upside Intraday Target	13.56

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	13.50	13.57	13.69	13.48	0.184 times
13 Fri Sep 2024	13.20	13.40	13.69	12.96	1.459 times
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

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 Mon Sep 2024	13.50	13.83	13.85	12.96	0.385 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 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 BUY. Signal strength is Weak and stock is gaining 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 green color and prices are in or below 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 but selling is losing 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 13.41 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 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.