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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 2024-08-14 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 6248372

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	13.74	13.71	13.85	13.66	0.618 times
13 Tue Aug 2024	13.65	13.61	13.68	13.46	0.671 times
12 Mon Aug 2024	13.56	13.51	13.73	13.46	0.845 times
09 Fri Aug 2024	13.19	12.99	13.41	12.87	1.146 times
08 Thu Aug 2024	13.19	12.90	13.24	12.81	1.428 times
07 Wed Aug 2024	12.85	13.06	13.07	12.78	0.808 times
06 Tue Aug 2024	12.81	12.52	12.98	12.43	1.545 times
05 Mon Aug 2024	12.30	12.01	12.31	11.93	1.148 times
02 Fri Aug 2024	12.48	12.67	12.82	12.44	0.784 times
01 Thu Aug 2024	12.84	13.29	13.33	12.81	0.784 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.6, but if it comes below 13.6, then a intra day sell could be more profitable.
If you take a sell trade below 13.6, then use 13.6 as stoploss and 13.22 as target. However if you take a buy trade in stock , then use 13.6 as stoploss and 14.1 as target.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	11.93
Downside Target	12.44
Downside Target	13.17
Upside Target	13.85
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	13.52
Downside Intraday Target	13.29
Upside Intraday Target	13.91
Upside Intraday Target	14.07
Downside Intraday Target	13.68

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	13.74	13.51	13.85	13.46	0.351 times
09 Fri Aug 2024	13.19	12.01	13.41	11.93	1.731 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

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
14 Wed Aug 2024	13.74	13.29	13.85	11.93	0.733 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 up 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 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Petroleo Brasileiro in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above 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 13.01 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 rising upwards.

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 is giving positive 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.