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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 2024-05-17 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 7384406

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	14.30	14.52	14.54	14.24	1.001 times
16 Thu May 2024	14.47	14.99	15.00	14.47	1.654 times
15 Wed May 2024	14.84	14.76	15.07	14.55	3.216 times
14 Tue May 2024	15.87	15.80	16.05	15.61	1.051 times
13 Mon May 2024	16.13	16.25	16.34	16.07	0.477 times
10 Fri May 2024	16.07	16.34	16.37	16.05	0.569 times
09 Thu May 2024	16.15	15.90	16.21	15.89	0.565 times
08 Wed May 2024	16.16	15.84	16.20	15.84	0.611 times
07 Tue May 2024	16.01	15.82	16.03	15.81	0.698 times
06 Mon May 2024	15.79	15.70	15.89	15.68	0.472 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 14.6, for a target of 15.3 or 15.85

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	14.08
Upside Target	14.73
Upside Target	15.52
Upside Target	16.34
Upside Target	16.37
Upside Target	16.41
Upside Target	16.44
Upside Target	16.48
Upside Target	16.54
Upside Target	16.72
Upside Target	17.32

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

Target Type	Value
Downside Intraday Target	13.58
Downside Intraday Target	12.86
Upside Intraday Target	15.68
Upside Intraday Target	17.06
Upside Intraday Target	14.96

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	14.30	16.25	16.34	14.24	2.538 times
10 Fri May 2024	16.07	15.70	16.37	15.68	0.793 times
03 Fri May 2024	15.66	16.20	16.54	15.52	0.746 times
26 Fri Apr 2024	16.16	15.61	16.41	15.56	0.957 times
19 Fri Apr 2024	15.59	15.03	15.75	14.80	1.228 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri May 2024	14.30	16.13	16.54	14.24	0.572 times
30 Tue Apr 2024	16.12	14.87	16.44	14.73	0.956 times
28 Thu Mar 2024	14.90	16.41	16.48	14.08	1.216 times
29 Thu Feb 2024	16.17	16.80	17.32	15.99	1.163 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 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 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 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 SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 coming down

CCI has generated a SELL signal for Petroleo Brasileiro in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 15.23 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 negative.

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