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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 2024-01-08 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 4213560

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	15.74	15.60	15.76	15.39	1.169 times
05 Fri Jan 2024	15.87	15.89	16.01	15.74	0.842 times
04 Thu Jan 2024	15.71	15.88	16.01	15.69	1.249 times
03 Wed Jan 2024	15.87	15.40	15.92	15.40	1.691 times
02 Tue Jan 2024	15.32	15.37	15.51	15.25	1.18 times
29 Fri Dec 2023	15.28	15.34	15.35	15.19	0.433 times
29 Fri Dec 2023	15.28	15.34	15.35	15.19	0.433 times
28 Thu Dec 2023	15.33	15.38	15.44	15.31	1.291 times
27 Wed Dec 2023	15.47	15.42	15.50	15.39	0.678 times
26 Tue Dec 2023	15.49	15.30	15.51	15.25	0.929 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 15.6, but if it comes below 15.6, then a intra day sell could be more profitable.
If you take a sell trade below 15.6, then use 15.6 as stoploss and 14.99 as target. However if you take a buy trade in stock , then use 15.6 as stoploss and 16.4 as target.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	12.43
Downside Target	12.98
Downside Target	13.47
Downside Target	13.79
Downside Target	14.31
Downside Target	15.15
Downside Target	15.35
Downside Target	15.39
Downside Target	15.51
Upside Target	15.76
Upside Target	16.01

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

Target Type	Value
Downside Intraday Target	15.5
Downside Intraday Target	15.26
Upside Intraday Target	15.87
Upside Intraday Target	16
Downside Intraday Target	15.63

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	15.74	15.60	15.76	15.39	0.236 times
05 Fri Jan 2024	15.87	15.37	16.01	15.25	11.458 times
29 Fri Dec 2023	15.28	15.34	15.35	15.19	0.13 times
29 Fri Dec 2023	15.28	15.30	15.51	15.19	0.424 times
22 Fri Dec 2023	15.06	14.51	15.15	14.50	0.981 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 Mon Jan 2024	15.74	15.37	16.01	15.25	0.188 times
29 Fri Dec 2023	15.28	14.45	15.51	13.47	0.938 times
30 Thu Nov 2023	14.55	13.96	15.31	13.79	0.739 times
31 Tue Oct 2023	13.83	13.72	15.30	12.43	1.363 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 BUY. 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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 15.58 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 positive

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