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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 2024-10-08 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 8658510

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	13.58	13.74	13.75	13.48	0.578 times
07 Mon Oct 2024	13.99	13.93	14.01	13.85	1.342 times
04 Fri Oct 2024	13.90	13.82	13.92	13.75	0.463 times
03 Thu Oct 2024	13.87	13.62	13.91	13.57	0.899 times
02 Wed Oct 2024	13.76	13.91	13.98	13.72	0.696 times
01 Tue Oct 2024	13.55	13.15	13.73	13.14	1.026 times
30 Mon Sep 2024	13.19	13.28	13.28	13.11	0.559 times
27 Fri Sep 2024	13.27	13.21	13.36	13.21	2.87 times
26 Thu Sep 2024	13.24	13.37	13.40	13.22	1.005 times
25 Wed Sep 2024	13.52	13.57	13.65	13.48	0.641 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 13.7 as stoploss in an intra day sell trade for a target of 13.44. However, stock will show a bullish move above 13.7.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	11.93
Downside Target	12.66
Downside Target	13.48
Upside Target	13.69
Upside Target	13.85
Upside Target	13.98
Upside Target	14.01
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	13.37
Downside Intraday Target	13.16
Upside Intraday Target	13.9
Upside Intraday Target	14.22
Upside Intraday Target	13.69

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	13.58	13.93	14.01	13.48	0.527 times
04 Fri Oct 2024	13.90	13.28	13.98	13.11	0.593 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

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
08 Tue Oct 2024	13.58	13.15	14.01	13.14	0.337 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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.

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

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 red color and prices are below the red 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 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 13.54 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.