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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 2024-06-11 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 5633110

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	14.00	14.07	14.13	13.94	0.59 times
10 Mon Jun 2024	13.99	13.88	14.16	13.84	0.746 times
07 Fri Jun 2024	13.85	14.46	14.50	13.82	1.675 times
06 Thu Jun 2024	14.58	14.50	14.70	14.48	1.02 times
05 Wed Jun 2024	14.45	14.46	14.50	14.33	0.493 times
04 Tue Jun 2024	14.41	14.47	14.48	14.27	1.129 times
03 Mon Jun 2024	14.74	14.69	14.84	14.62	0.981 times
31 Fri May 2024	14.81	14.61	14.82	14.49	1.403 times
30 Thu May 2024	14.70	14.50	14.77	14.48	0.725 times
29 Wed May 2024	14.45	14.47	14.56	14.38	0.832 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 14.1, but if it comes above 14.1, then a intra day buy could be more profitable.
If you take a sell trade below 14.1, then use 14.1 as stoploss and 13.5 as target. However if you take a buy trade in stock , then use 14.1 as stoploss and 14.47 as target.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	13.82
Upside Target	14.67
Upside Target	14.82
Upside Target	14.84
Upside Target	15.99
Upside Target	16.34
Upside Target	16.44
Upside Target	16.48
Upside Target	16.54
Upside Target	17.32

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

Target Type	Value
Downside Intraday Target	13.84
Downside Intraday Target	13.68
Upside Intraday Target	14.16
Upside Intraday Target	14.32
Downside Intraday Target	14

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	14.00	13.88	14.16	13.84	0.252 times
07 Fri Jun 2024	13.85	14.69	14.84	13.82	1.34 times
31 Fri May 2024	14.81	14.55	14.82	14.38	0.777 times
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

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
11 Tue Jun 2024	14.00	14.69	14.84	13.82	0.264 times
31 Fri May 2024	14.81	16.13	16.54	14.10	0.893 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

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 neutral. A longer time frame might give a better analysis.

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Petroleo Brasileiro in short term but BUY signal is weak.

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 14.39 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.