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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 2024-10-03 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 8748770

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	13.87	13.62	13.91	13.57	0.889 times
02 Wed Oct 2024	13.76	13.91	13.98	13.72	0.689 times
01 Tue Oct 2024	13.55	13.15	13.73	13.14	1.016 times
30 Mon Sep 2024	13.19	13.28	13.28	13.11	0.554 times
27 Fri Sep 2024	13.27	13.21	13.36	13.21	2.84 times
26 Thu Sep 2024	13.24	13.37	13.40	13.22	0.994 times
25 Wed Sep 2024	13.52	13.57	13.65	13.48	0.634 times
24 Tue Sep 2024	13.49	13.59	13.64	13.45	0.495 times
23 Mon Sep 2024	13.24	13.19	13.32	13.14	1.116 times
20 Fri Sep 2024	13.07	13.27	13.29	13.06	1.291 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 13.8, for a target of 13.6 or 13.38

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	11.93
Downside Target	12.66
Downside Target	13.65
Downside Target	13.69
Downside Target	13.85
Upside Target	13.98
Upside Target	14.30
Upside Target	14.44
Upside Target	14.84

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

Target Type	Value
Downside Intraday Target	13.33
Downside Intraday Target	12.78
Upside Intraday Target	14.2
Upside Intraday Target	14.52
Downside Intraday Target	13.65

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	13.87	13.28	13.98	13.11	0.518 times
27 Fri Sep 2024	13.27	13.19	13.65	13.14	1.995 times
20 Fri Sep 2024	13.07	13.57	13.69	13.06	1.029 times
13 Fri Sep 2024	13.20	13.40	13.69	12.96	1.459 times
06 Fri Sep 2024	13.43	13.83	13.85	13.38	3.689 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
03 Thu Oct 2024	13.87	13.15	13.98	13.14	0.177 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
31 Wed Jul 2024	13.16	13.76	14.30	12.84	0.746 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 SELL signal for Petroleo Brasileiro in short term but SELL 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

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 13.37 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.