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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 2024-01-09 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 4169440

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	15.45	15.77	15.78	15.45	1.21 times
08 Mon Jan 2024	15.74	15.60	15.76	15.39	1.182 times
05 Fri Jan 2024	15.87	15.89	16.01	15.74	0.85 times
04 Thu Jan 2024	15.71	15.88	16.01	15.69	1.262 times
03 Wed Jan 2024	15.87	15.40	15.92	15.40	1.709 times
02 Tue Jan 2024	15.32	15.37	15.51	15.25	1.192 times
29 Fri Dec 2023	15.28	15.34	15.35	15.19	0.438 times
29 Fri Dec 2023	15.28	15.34	15.35	15.19	0.438 times
28 Thu Dec 2023	15.33	15.38	15.44	15.31	1.304 times
27 Wed Dec 2023	15.47	15.42	15.50	15.39	0.685 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 15.7 as stoploss in an intra day sell trade for a target of 15.07. However, stock will show a bullish move above 15.7.

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
Upside Target	15.51
Upside Target	15.78
Upside Target	16.01

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

Target Type	Value
Downside Intraday Target	15.3
Downside Intraday Target	15.15
Upside Intraday Target	15.69
Upside Intraday Target	15.93
Upside Intraday Target	15.54

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	15.45	15.60	15.78	15.39	0.477 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
09 Tue Jan 2024	15.45	15.37	16.01	15.25	0.224 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 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 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 Strong and stock is gaining momentum.

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

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. 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 but buying 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 15.58 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 positive

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