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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 2024-02-15 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 6448610

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	16.92	16.51	16.93	16.46	0.676 times
14 Wed Feb 2024	16.45	16.55	16.75	16.41	0.781 times
13 Tue Feb 2024	16.42	16.67	16.70	16.29	0.762 times
12 Mon Feb 2024	16.77	16.76	17.02	16.71	0.747 times
09 Fri Feb 2024	16.66	16.88	16.91	16.65	0.984 times
08 Thu Feb 2024	16.75	16.96	17.04	16.74	1.53 times
07 Wed Feb 2024	16.95	16.87	17.01	16.73	0.796 times
06 Tue Feb 2024	16.71	16.79	17.10	16.68	0.803 times
05 Mon Feb 2024	16.53	16.49	16.69	16.32	0.972 times
02 Fri Feb 2024	16.48	16.77	16.82	16.46	0.985 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 16.9, but if it comes below 16.9, then a intra day sell could be more profitable.
If you take a sell trade below 16.9, then use 16.9 as stoploss and 16.3 as target. However if you take a buy trade in stock , then use 16.9 as stoploss and 17.5 as target.

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
Downside Target	16.72
Upside Target	16.98
Upside Target	17.02
Upside Target	17.10

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

Target Type	Value
Downside Intraday Target	16.47
Downside Intraday Target	16.01
Upside Intraday Target	17.2
Upside Intraday Target	17.47
Downside Intraday Target	16.74

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	16.92	16.76	17.02	16.29	0.584 times
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

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
15 Thu Feb 2024	16.92	16.80	17.10	16.29	0.587 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 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 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 SELL signal for Petroleo Brasileiro in short term but the sell signal is initial and weak.

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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Petroleo Brasileiro in short term and BUY signal is strong.

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

Stock of Petroleo Brasileiro is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 16.66 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 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 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.