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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 2024-05-24 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 8233463

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri May 2024	14.13	14.35	14.40	14.10	0.627 times
23 Thu May 2024	14.22	14.60	14.67	14.16	1.024 times
22 Wed May 2024	14.37	14.17	14.48	14.14	0.782 times
21 Tue May 2024	14.25	14.47	14.51	14.25	0.486 times
20 Mon May 2024	14.33	14.42	14.48	14.29	0.562 times
17 Fri May 2024	14.30	14.52	14.54	14.24	0.898 times
16 Thu May 2024	14.47	14.99	15.00	14.47	1.484 times
15 Wed May 2024	14.84	14.76	15.07	14.55	2.884 times
14 Tue May 2024	15.87	15.80	16.05	15.61	0.943 times
13 Mon May 2024	16.13	16.25	16.34	16.07	0.428 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 14.5, but if it comes above 14.5, then a intra day buy could be more profitable.
If you take a sell trade below 14.5, then use 14.5 as stoploss and 13.5 as target. However if you take a buy trade in stock , then use 14.5 as stoploss and 15.39 as target.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	14.08
Upside Target	14.67
Upside Target	15.04
Upside Target	15.52
Upside Target	16.34
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	13.93
Downside Intraday Target	13.73
Upside Intraday Target	14.5
Upside Intraday Target	14.87
Upside Intraday Target	14.3

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri May 2024	14.13	14.42	14.67	14.10	0.525 times
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

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
24 Fri May 2024	14.13	16.13	16.54	14.10	0.753 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 positive zone. This is a BUY 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 14.69 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.