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(PBR) Petroleo Brasileiro complete technical analysis [charts+indicators] | Buy/Sell Petroleo Brasileiro | (PBR) share price targets

Complete technical analysis of Petroleo Brasileiro (PBR) by charts plus indicators, forecast predictions and share price targets for Petroleo Brasileiro (PBR)

Petroleo Brasileiro trades in USA in Energy sector.

Showing technical analysis as on 2024-10-16 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 12430350

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	14.40	14.42	14.53	14.39	0.752 times
15 Tue Oct 2024	14.42	14.52	14.55	14.39	1.271 times
14 Mon Oct 2024	14.83	14.70	14.93	14.67	0.959 times
11 Fri Oct 2024	14.74	14.71	14.79	14.64	0.757 times
10 Thu Oct 2024	14.88	14.80	14.93	14.73	0.776 times
09 Wed Oct 2024	14.64	14.67	14.74	14.57	0.925 times
08 Tue Oct 2024	14.91	15.09	15.10	14.75	1.339 times
07 Mon Oct 2024	15.33	15.20	15.34	15.17	0.957 times
04 Fri Oct 2024	15.19	15.09	15.24	15.01	0.755 times
03 Thu Oct 2024	15.15	14.84	15.18	14.76	1.249 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 14.5, but if it comes above 14.5, then a intra day buy could be more profitable.
If you take a sell trade below 14.5, then use 14.5 as stoploss and 14.2 as target. However if you take a buy trade in stock , then use 14.5 as stoploss and 14.75 as target.

Share price targets for Petroleo Brasileiro (PBR)

Target Type	Value
Downside Target	12.90
Downside Target	13.36
Downside Target	13.94
Downside Target	14.23
Upside Target	14.93
Upside Target	15.20
Upside Target	15.25
Upside Target	15.34
Upside Target	15.35
Upside Target	15.54
Upside Target	15.73

Intraday share price targets for Petroleo Brasileiro (PBR)

Target Type	Value
Downside Intraday Target	14.22
Downside Intraday Target	14.03
Upside Intraday Target	14.76
Upside Intraday Target	15.11
Upside Intraday Target	14.57

Weekly technical analysis of Petroleo Brasileiro (PBR)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	14.40	14.70	14.93	14.39	0.627 times
11 Fri Oct 2024	14.74	15.20	15.34	14.57	0.862 times
04 Fri Oct 2024	15.19	14.53	15.25	14.31	0.923 times
27 Fri Sep 2024	14.58	14.47	15.04	14.44	1.051 times
20 Fri Sep 2024	14.40	14.89	15.00	14.39	0.743 times

Price has moved down 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)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	14.40	14.36	15.34	14.33	0.448 times
30 Mon Sep 2024	14.41	15.17	15.20	14.23	0.822 times
30 Fri Aug 2024	15.23	14.41	15.73	12.90	1.311 times
31 Wed Jul 2024	14.27	14.61	15.35	13.94	0.907 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)

Price action analysis of Petroleo Brasileiro ( (PBR) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Petroleo Brasileiro ( (PBR) ) 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) ) 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) ) based on a mid to longer 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.

ADX buy sell signal for Petroleo Brasileiro stock for short term is SELL. Signal strength is Weak 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 coming down

CCI has generated a SELL signal for Petroleo Brasileiro in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 14.85 and Petroleo Brasileiro (PBR) 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) stock. Volume based technical analysis of Petroleo Brasileiro (PBR) 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.