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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 2024-11-07 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 7039130

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	12.51	12.54	12.61	12.43	0.81 times
06 Wed Nov 2024	12.46	12.16	12.47	12.10	0.885 times
05 Tue Nov 2024	12.29	12.22	12.33	12.09	0.429 times
04 Mon Nov 2024	12.21	12.33	12.37	12.20	0.581 times
01 Fri Nov 2024	12.02	12.40	12.41	12.01	0.627 times
31 Thu Oct 2024	12.37	12.40	12.47	12.31	0.595 times
30 Wed Oct 2024	12.41	12.50	12.59	12.41	0.674 times
29 Tue Oct 2024	12.47	12.62	12.68	12.43	0.987 times
28 Mon Oct 2024	12.59	12.50	12.65	12.43	3.504 times
25 Fri Oct 2024	12.62	12.69	12.78	12.55	1.133 times

My analysis of stock is bearish for shortterm, and stock might move down till 12.3 or till 11.8. Use a stoploss of 12.67 and if the stock hits stoploss, then it can shoot up till 13.04

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	11.93
Upside Target	12.90
Upside Target	12.96
Upside Target	13.24
Upside Target	13.59
Upside Target	13.85
Upside Target	14.01
Upside Target	14.30
Upside Target	14.44

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

Target Type	Value
Downside Intraday Target	12.2
Downside Intraday Target	11.88
Upside Intraday Target	12.72
Upside Intraday Target	12.92
Downside Intraday Target	12.4

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	12.51	12.33	12.61	12.09	0.423 times
01 Fri Nov 2024	12.02	12.50	12.68	12.01	1.902 times
25 Fri Oct 2024	12.62	12.90	12.90	12.42	0.992 times
18 Fri Oct 2024	12.87	13.33	13.59	12.84	0.78 times
11 Fri Oct 2024	13.34	13.93	14.01	13.24	0.968 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
07 Thu Nov 2024	12.51	12.40	12.61	12.01	0.161 times
31 Thu Oct 2024	12.37	13.15	14.01	12.31	1.132 times
30 Mon Sep 2024	13.19	13.83	13.85	12.96	1.019 times
30 Fri Aug 2024	13.94	13.29	14.44	11.93	1.512 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Petroleo Brasileiro ( (PBR.A) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Weak and stock is losing 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 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 12.47 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 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.