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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 2024-08-28 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 18787969

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	15.60	15.38	15.70	15.32	1.379 times
27 Tue Aug 2024	15.47	15.46	15.61	15.37	0.983 times
26 Mon Aug 2024	15.65	14.77	15.73	14.74	2.587 times
23 Fri Aug 2024	14.40	14.50	14.53	14.39	0.729 times
22 Thu Aug 2024	14.63	14.66	14.68	14.55	0.734 times
21 Wed Aug 2024	14.86	15.09	15.12	14.80	0.781 times
20 Tue Aug 2024	14.99	15.14	15.15	14.85	0.732 times
19 Mon Aug 2024	15.28	15.25	15.37	15.19	1.078 times
16 Fri Aug 2024	15.16	15.07	15.18	14.97	1.017 times
15 Thu Aug 2024	15.05	15.04	15.19	14.97	0.749 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 15.3, but if it comes below 15.3, then a intra day sell could be more profitable.
If you take a sell trade below 15.3, then use 15.3 as stoploss and 14.61 as target. However if you take a buy trade in stock , then use 15.3 as stoploss and 16.1 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	14.39
Downside Target	15.05
Downside Target	15.35
Downside Target	15.37
Downside Target	15.54
Upside Target	15.73
Upside Target	17.33
Upside Target	17.44

Intraday share price targets for Petroleo Brasileiro (PBR)

Target Type	Value
Downside Intraday Target	14.98
Downside Intraday Target	14.37
Upside Intraday Target	15.97
Upside Intraday Target	16.35
Downside Intraday Target	15.36

Weekly technical analysis of Petroleo Brasileiro (PBR)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	15.60	14.77	15.73	14.74	1.221 times
23 Fri Aug 2024	14.40	15.25	15.37	14.39	0.98 times
16 Fri Aug 2024	15.16	14.54	15.19	14.52	0.902 times
09 Fri Aug 2024	14.21	13.03	14.44	12.90	1.294 times
02 Fri Aug 2024	13.59	14.40	14.46	13.51	1.192 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)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	15.60	14.41	15.73	12.90	1.164 times
31 Wed Jul 2024	14.27	14.61	15.35	13.94	0.907 times
28 Fri Jun 2024	14.49	15.45	15.54	13.36	0.775 times
31 Fri May 2024	15.55	16.99	17.44	14.75	0.92 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)

Price action analysis of Petroleo Brasileiro ( (PBR) ) 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) ) 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) ) 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 15.25 and Petroleo Brasileiro (PBR) 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) stock. Volume based technical analysis of Petroleo Brasileiro (PBR) 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.