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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 2024-09-19 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 4720236

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	13.38	13.45	13.46	13.30	0.688 times
18 Wed Sep 2024	13.24	13.46	13.47	13.17	1.02 times
17 Tue Sep 2024	13.47	13.47	13.49	13.34	0.539 times
16 Mon Sep 2024	13.50	13.57	13.69	13.48	1.008 times
13 Fri Sep 2024	13.20	13.30	13.46	13.16	1.081 times
12 Thu Sep 2024	13.11	13.19	13.20	12.96	0.92 times
11 Wed Sep 2024	13.22	13.37	13.37	13.01	1.096 times
10 Tue Sep 2024	13.16	13.47	13.53	13.06	1.375 times
09 Mon Sep 2024	13.59	13.40	13.69	13.38	1.018 times
06 Fri Sep 2024	13.43	13.78	13.79	13.38	1.006 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 13.2 as stoploss in an intra day buy trade for a target of 13.63. However, stock will show a bearish move below 13.2.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	11.93
Downside Target	12.66
Upside Target	13.69
Upside Target	13.85
Upside Target	14.00
Upside Target	14.10
Upside Target	14.30
Upside Target	14.44
Upside Target	14.84
Upside Target	16.54

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

Target Type	Value
Downside Intraday Target	13.14
Downside Intraday Target	12.89
Upside Intraday Target	13.66
Upside Intraday Target	13.93
Upside Intraday Target	13.41

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	13.38	13.57	13.69	13.17	0.593 times
13 Fri Sep 2024	13.20	13.40	13.69	12.96	1.459 times
06 Fri Sep 2024	13.43	13.83	13.85	13.38	3.689 times
30 Fri Aug 2024	13.94	13.75	14.00	13.72	0.164 times
30 Fri Aug 2024	13.94	13.75	14.44	13.72	1.328 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
19 Thu Sep 2024	13.38	13.83	13.85	12.96	0.469 times
30 Fri Aug 2024	13.94	13.29	14.44	11.93	1.512 times
31 Wed Jul 2024	13.16	13.76	14.30	12.84	0.746 times
28 Fri Jun 2024	13.64	14.69	14.84	12.66	0.789 times

Scroll below to view daily charts

Price has moved down 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 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 gaining momentum.

MACD generated a SELL signal for Petroleo Brasileiro in short term and the sell 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 SELL signal in short term and selling is picking up 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 13.32 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 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.