PETROLEO BRASILEIRO-SPON ADR (PBR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PBR - US71654V4086 - ADR
Taking everything into account, PBR scores 0 out of 10 in our technical rating. PBR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, PBR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.48, a Stop Loss order could be placed below this zone.
More info and screens
11.20
We found 1 important support area.
- A support zone ranging from 11.31 to 11.48. This zone is formed by a combination of multiple trend lines in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @11.78 from a trend line in the daily time frame.
- A resistance zone ranging from 12.25 to 12.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.93 to 13.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.95 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for PBR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PBR is down. |
| ChartMill Relative Strength | 24.25 | NEGATIVE | PBR has a low relative strength, it was outperformed by 75.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PBR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PBR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PBR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.12 | NEUTRAL | The RSI value for PBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests PBR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.65 | OVERSOLD | The low Stochastics value suggests PBR may be oversold. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for PBR suggests some volalility. |
| Average Directional Index/ADX (14) | 19.53 | NEGATIVE | The low ADX value for PBR suggests a weak or negative trend. |
11.75
+0.03 (+0.26%)
PETROLEO BRASILEIRO-SPON ADR / PBR FAQ
Can you provide the ChartMill technical rating for PETROLEO BRASILEIRO-SPON ADR?
ChartMill assigns a technical rating of 0 / 10 to PBR.
What is the trend direction for PBR stock?
The current trend direction for PETROLEO BRASILEIRO-SPON ADR (PBR) is Bearish.
What is the RSI signal for PBR stock?
PETROLEO BRASILEIRO-SPON ADR (PBR) has an RSI value of 34.1187. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PETROLEO BRASILEIRO-SPON ADR?
The short term momentum for PETROLEO BRASILEIRO-SPON ADR (PBR) is negative.
Can you provide the buy/sell signal for PETROLEO BRASILEIRO-SPON ADR?
The buy/sell signal for PETROLEO BRASILEIRO-SPON ADR (PBR) is sell as both the short term and long term trends are negative.