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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 2024-02-09 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 7132730

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	16.66	16.88	16.91	16.65	0.889 times
08 Thu Feb 2024	16.75	16.96	17.04	16.74	1.383 times
07 Wed Feb 2024	16.95	16.87	17.01	16.73	0.719 times
06 Tue Feb 2024	16.71	16.79	17.10	16.68	0.726 times
05 Mon Feb 2024	16.53	16.49	16.69	16.32	0.879 times
02 Fri Feb 2024	16.48	16.77	16.82	16.46	0.891 times
01 Thu Feb 2024	16.85	16.80	16.98	16.57	1.483 times
31 Wed Jan 2024	16.40	16.39	16.72	16.30	1.477 times
30 Tue Jan 2024	16.29	16.28	16.42	16.21	0.985 times
29 Mon Jan 2024	16.40	16.30	16.42	16.16	0.61 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 16.7 as stoploss in an intra day sell trade for a target of 16.06. However, stock will show a bullish move above 16.7.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	12.43
Downside Target	13.47
Downside Target	13.79
Downside Target	15.04
Downside Target	16.16
Downside Target	16.32
Downside Target	16.33
Upside Target	16.72
Upside Target	16.98
Upside Target	17.10

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

Target Type	Value
Downside Intraday Target	16.29
Downside Intraday Target	15.91
Upside Intraday Target	17.07
Upside Intraday Target	17.47
Upside Intraday Target	16.69

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	16.66	16.49	17.10	16.32	0.844 times
02 Fri Feb 2024	16.48	16.30	16.98	16.16	1.19 times
26 Fri Jan 2024	16.29	15.18	16.33	15.04	1.932 times
19 Fri Jan 2024	15.17	15.69	15.74	15.09	4.811 times
12 Fri Jan 2024	15.74	15.86	15.93	15.73	0.164 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
09 Fri Feb 2024	16.66	16.80	17.10	16.32	0.424 times
31 Wed Jan 2024	16.40	15.37	16.72	15.04	0.853 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

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 Strong 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 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 16.61 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.