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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 2024-11-06 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 6801270

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	12.46	12.16	12.47	12.10	0.916 times
05 Tue Nov 2024	12.29	12.22	12.33	12.09	0.444 times
04 Mon Nov 2024	12.21	12.33	12.37	12.20	0.601 times
01 Fri Nov 2024	12.02	12.40	12.41	12.01	0.649 times
31 Thu Oct 2024	12.37	12.40	12.47	12.31	0.616 times
30 Wed Oct 2024	12.41	12.50	12.59	12.41	0.698 times
29 Tue Oct 2024	12.47	12.62	12.68	12.43	1.022 times
28 Mon Oct 2024	12.59	12.50	12.65	12.43	3.627 times
25 Fri Oct 2024	12.62	12.69	12.78	12.55	1.173 times
24 Thu Oct 2024	12.63	12.48	12.70	12.47	0.604 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 12.3 as stoploss in an intra day buy trade for a target of 12.72. However, stock will show a bearish move below 12.3.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	11.93
Upside Target	12.90
Upside Target	12.96
Upside Target	13.24
Upside Target	13.59
Upside Target	13.85
Upside Target	14.01
Upside Target	14.30
Upside Target	14.44

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

Target Type	Value
Downside Intraday Target	12.21
Downside Intraday Target	11.96
Upside Intraday Target	12.59
Upside Intraday Target	12.72
Downside Intraday Target	12.34

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	12.46	12.33	12.47	12.09	0.297 times
01 Fri Nov 2024	12.02	12.50	12.68	12.01	1.902 times
25 Fri Oct 2024	12.62	12.90	12.90	12.42	0.992 times
18 Fri Oct 2024	12.87	13.33	13.59	12.84	0.78 times
11 Fri Oct 2024	13.34	13.93	14.01	13.24	0.968 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
06 Wed Nov 2024	12.46	12.40	12.47	12.01	0.122 times
31 Thu Oct 2024	12.37	13.15	14.01	12.31	1.132 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

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 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 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 SELL. Signal strength is Weak and stock is losing 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Petroleo Brasileiro in short term but BUY signal is weak.

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 12.48 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 negative.

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