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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 2024-06-07 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 15016350

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	14.54	15.04	15.12	14.46	2.11 times
06 Thu Jun 2024	15.17	15.17	15.35	15.12	0.916 times
05 Wed Jun 2024	15.13	15.20	15.24	15.06	0.705 times
04 Tue Jun 2024	15.17	15.08	15.17	14.89	1.045 times
03 Mon Jun 2024	15.44	15.45	15.54	15.31	0.877 times
31 Fri May 2024	15.55	15.31	15.57	15.23	1.194 times
30 Thu May 2024	15.33	15.19	15.52	15.18	0.838 times
29 Wed May 2024	15.13	15.10	15.23	14.94	1.314 times
28 Tue May 2024	15.25	15.17	15.36	15.10	1.294 times
24 Fri May 2024	14.82	14.97	15.03	14.75	0.768 times

Stock of Petroleo Brasileiro (PBR) has showed a significant fall. This could be a good time to exit from 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 14.7, but if it comes above 14.7, then a intra day buy could be more profitable.
If you take a sell trade below 14.7, then use 14.7 as stoploss and 13.9 as target. However if you take a buy trade in stock , then use 14.7 as stoploss and 15.41 as target.

Share price targets for Petroleo Brasileiro (PBR)

Target Type	Value
Downside Target	14.21
Upside Target	14.75
Upside Target	15.57
Upside Target	16.34
Upside Target	16.48
Upside Target	16.90
Upside Target	17.33
Upside Target	17.37
Upside Target	17.41
Upside Target	17.44
Upside Target	17.91

Intraday share price targets for Petroleo Brasileiro (PBR)

Target Type	Value
Downside Intraday Target	14.15
Downside Intraday Target	13.77
Upside Intraday Target	15.23
Upside Intraday Target	15.93
Upside Intraday Target	14.85

Weekly technical analysis of Petroleo Brasileiro (PBR)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	14.54	15.45	15.54	14.46	1.218 times
31 Fri May 2024	15.55	15.17	15.57	14.94	0.802 times
24 Fri May 2024	14.82	15.14	15.28	14.75	0.545 times
17 Fri May 2024	15.02	17.27	17.37	14.98	2.238 times
10 Fri May 2024	17.08	16.50	17.41	16.48	0.697 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
07 Fri Jun 2024	14.54	15.45	15.54	14.46	0.19 times
31 Fri May 2024	15.55	16.99	17.44	14.75	0.92 times
30 Tue Apr 2024	16.97	15.22	17.33	15.05	0.96 times
28 Thu Mar 2024	15.21	16.79	16.90	14.21	1.426 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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Petroleo Brasileiro ( (PBR) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 15.1 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.