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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 2024-04-03 View latest technical analysis

10 day averaged volume of Petroleo Brasileiro is 5701820

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	15.24	15.19	15.31	15.06	0.766 times
02 Tue Apr 2024	15.28	15.00	15.29	14.98	0.973 times
01 Mon Apr 2024	14.89	14.87	14.89	14.73	0.737 times
28 Thu Mar 2024	14.90	14.63	14.95	14.60	0.776 times
27 Wed Mar 2024	14.66	14.53	14.70	14.45	0.588 times
26 Tue Mar 2024	14.51	14.64	14.65	14.48	0.683 times
25 Mon Mar 2024	14.68	14.55	14.78	14.51	0.915 times
22 Fri Mar 2024	14.43	14.33	14.49	14.20	0.825 times
21 Thu Mar 2024	14.35	14.80	14.80	14.32	1.226 times
20 Wed Mar 2024	14.75	14.30	14.76	14.27	1.271 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 15.4 as stoploss in an intra day sell trade for a target of 14.82. However, stock will show a bullish move above 15.4.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type	Value
Downside Target	13.47
Downside Target	14.08
Downside Target	15.06
Upside Target	15.31
Upside Target	15.51
Upside Target	15.99
Upside Target	16.48
Upside Target	16.72
Upside Target	17.32

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

Target Type	Value
Downside Intraday Target	14.88
Downside Intraday Target	14.51
Upside Intraday Target	15.46
Upside Intraday Target	15.67
Downside Intraday Target	15.09

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	15.24	14.87	15.31	14.73	0.836 times
28 Thu Mar 2024	14.90	14.55	14.95	14.45	0.463 times
22 Fri Mar 2024	14.43	14.61	14.80	14.08	0.848 times
15 Fri Mar 2024	14.44	14.27	15.06	14.21	0.691 times
08 Fri Mar 2024	14.48	16.33	16.48	14.32	1.317 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 Wed Apr 2024	15.24	14.87	15.31	14.73	0.085 times
28 Thu Mar 2024	14.90	16.41	16.48	14.08	1.216 times
29 Thu Feb 2024	16.17	16.80	17.32	15.99	1.163 times
31 Wed Jan 2024	16.40	15.37	16.72	15.04	0.853 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 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 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 Weak and stock is gaining 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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 and the buying is gaining 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 14.76 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.