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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.

10 day averaged volume of Petroleo Brasileiro is 17184550

Date Daily Closing Price Open High Low Volume
04 Thu Mar 2021 7.72 7.82 8.03 7.65 1.01 times
03 Wed Mar 2021 7.50 7.36 7.56 7.10 1.636 times
02 Tue Mar 2021 7.69 7.50 7.87 7.40 1.335 times
02 Tue Mar 2021 7.69 7.50 7.87 7.40 1.335 times
01 Mon Mar 2021 7.80 7.94 8.15 7.78 0.548 times
26 Fri Feb 2021 7.90 8.39 8.40 7.85 0.573 times
25 Thu Feb 2021 8.36 9.08 9.16 8.34 0.563 times
24 Wed Feb 2021 8.98 8.84 9.11 8.79 0.653 times
23 Tue Feb 2021 8.81 8.46 8.88 8.29 1.054 times
22 Mon Feb 2021 7.82 8.02 8.21 7.78 1.723 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8, but if it comes above 8, then a intra day buy could be more profitable.
If you take a sell trade below 8, then use 8 as stoploss and 6.4 as target. However if you take a buy trade in stock , then use 8 as stoploss and 9.28 as target.

Share price targets for Petroleo Brasileiro (PBR.A)

Target Type Value
Downside Target 6.50
Downside Target 7.10
Downside Target 7.40
Upside Target 7.78
Upside Target 8.03
Upside Target 9.16
Upside Target 9.58
Upside Target 9.98
Upside Target 10.05
Upside Target 10.79
Upside Target 11.08
Upside Target 11.23
Upside Target 11.25
Upside Target 11.72

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

Target Type Value
Downside Intraday Target 7.2
Downside Intraday Target 6.69
Upside Intraday Target 8.13
Upside Intraday Target 8.55
Downside Intraday Target 7.62

Weekly technical analysis of Petroleo Brasileiro (PBR.A)

Date Weekly Closing Price Open High Low Volume
04 Thu Mar 2021 7.72 7.50 8.03 7.10 2.114 times
02 Tue Mar 2021 7.69 7.94 8.15 7.40 0.412 times
26 Fri Feb 2021 7.90 8.02 9.16 7.78 2.907 times
19 Fri Feb 2021 10.15 10.73 11.08 10.05 0.781 times
12 Fri Feb 2021 10.56 10.65 10.79 10.05 1.223 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Petroleo Brasileiro (PBR.A)

Date Monthly Closing Price Open High Low Volume
04 Thu Mar 2021 7.72 7.94 8.15 7.10 0.599 times
26 Fri Feb 2021 7.90 9.96 11.23 7.78 1.264 times
29 Fri Jan 2021 9.78 11.27 11.72 9.58 1.022 times
31 Thu Dec 2020 11.06 9.66 11.25 9.63 0.802 times

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.A)

Indicator Name Indicator Value Indicator Signal
ADX 24, 44, 30 Sell
MACD -1, -1Sell
Stochastics 17Sell
CCI -43Buy
RSI 39Sell
OBV -55874400Sell
VWAP 8Sell
ADL 0Sell
ROC -24Sell
Force Index 0Sell

Price action analysis of Petroleo Brasileiro ( (PBR.A) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

ADX buy sell signal for Petroleo Brasileiro stock for short term is SELL. Signal strength is Strong and stock is losing 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Petroleo Brasileiro in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 7.93 and Petroleo Brasileiro (PBR.A) 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.A) stock. Volume based technical analysis of Petroleo Brasileiro (PBR.A) 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.

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