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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 2024-08-06 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 4320265

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	12.81	12.52	12.98	12.43	2.235 times
05 Mon Aug 2024	12.30	12.01	12.31	11.93	1.66 times
02 Fri Aug 2024	12.48	12.67	12.82	12.44	1.133 times
01 Thu Aug 2024	12.84	13.29	13.33	12.81	1.134 times
31 Wed Jul 2024	13.16	13.12	13.22	13.07	1.215 times
30 Tue Jul 2024	13.01	12.89	13.04	12.88	0.573 times
29 Mon Jul 2024	13.03	13.20	13.27	12.84	1.021 times
26 Fri Jul 2024	13.31	13.32	13.43	13.23	0.755 times
25 Thu Jul 2024	13.29	13.28	13.38	13.17	0.688 times
24 Wed Jul 2024	13.34	13.33	13.54	13.31	0.931 times

Stock of Petroleo Brasileiro (PBR.A) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.9, but if it comes above 12.9, then a intra day buy could be more profitable.
If you take a sell trade below 12.9, then use 12.9 as stoploss and 12.2 as target. However if you take a buy trade in stock , then use 12.9 as stoploss and 13.43 as target.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	11.93
Downside Target	12.44
Upside Target	13.83
Upside Target	14.10
Upside Target	14.24
Upside Target	14.30
Upside Target	14.73
Upside Target	14.84
Upside Target	16.44
Upside Target	16.54

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

Target Type	Value
Downside Intraday Target	12.17
Downside Intraday Target	11.52
Upside Intraday Target	13.22
Upside Intraday Target	13.62
Downside Intraday Target	12.57

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	12.81	12.01	12.98	11.93	0.767 times
02 Fri Aug 2024	12.48	13.20	13.33	12.44	1.258 times
26 Fri Jul 2024	13.31	13.81	13.83	13.17	1.107 times
19 Fri Jul 2024	13.76	14.05	14.24	13.71	0.934 times
12 Fri Jul 2024	14.04	13.58	14.30	13.57	1.702 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
06 Tue Aug 2024	12.81	13.29	13.33	11.93	0.32 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
31 Fri May 2024	14.81	16.13	16.54	14.10	0.893 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Petroleo Brasileiro in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 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 12.88 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.