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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 2024-10-01 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 7993240

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	13.55	13.15	13.73	13.14	1.112 times
30 Mon Sep 2024	13.19	13.28	13.28	13.11	0.606 times
27 Fri Sep 2024	13.27	13.21	13.36	13.21	3.109 times
26 Thu Sep 2024	13.24	13.37	13.40	13.22	1.088 times
25 Wed Sep 2024	13.52	13.57	13.65	13.48	0.694 times
24 Tue Sep 2024	13.49	13.59	13.64	13.45	0.541 times
23 Mon Sep 2024	13.24	13.19	13.32	13.14	1.222 times
20 Fri Sep 2024	13.07	13.27	13.29	13.06	1.413 times
19 Thu Sep 2024	13.38	13.45	13.46	13.30	0.406 times
18 Wed Sep 2024	13.24	13.46	13.47	13.17	0.602 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.5, but if it comes below 13.5, then a intra day sell could be more profitable.
If you take a sell trade below 13.5, then use 13.5 as stoploss and 13.36 as target. However if you take a buy trade in stock , then use 13.5 as stoploss and 13.8 as target.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	11.93
Downside Target	12.66
Upside Target	13.65
Upside Target	13.69
Upside Target	13.73
Upside Target	13.85
Upside Target	14.30
Upside Target	14.44
Upside Target	14.84

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

Target Type	Value
Downside Intraday Target	13.2
Downside Intraday Target	12.84
Upside Intraday Target	13.82
Upside Intraday Target	14.08
Downside Intraday Target	13.46

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	13.55	13.28	13.73	13.11	0.258 times
27 Fri Sep 2024	13.27	13.19	13.65	13.14	1.995 times
20 Fri Sep 2024	13.07	13.57	13.69	13.06	1.029 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

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
01 Tue Oct 2024	13.55	13.15	13.73	13.14	0.069 times
30 Mon Sep 2024	13.19	13.83	13.85	12.96	1.019 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

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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Petroleo Brasileiro ( (PBR.A) ) based on a short to mid 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 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 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 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 but selling is losing 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 13.29 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.