PETROLEO BRASIL-SP PREF ADR (PBR.A) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PBR.A - US71654V1017 - ADR
Taking everything into account, PBR.A scores 4 out of 10 in our technical rating. PBR.A has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month PBR.A has a been trading in the 10.89 - 11.79 range, which is quite wide. It is currently trading near the high of this range.
- PBR.A has an average volume of 7593370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, PBR.A outperforms 41% of them, which is more or less in line with the market.
- PBR.A is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, PBR.A did better than 49% of them.
- PBR.A is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PBR.A is lagging the market.
PBR.A has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.11 to 11.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.62 to 10.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 11.65 to 11.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.99 from a trend line in the weekly time frame.
- Resistance @12.42 from a horizontal line in the weekly time frame.
- Resistance @12.67 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for PBR.A is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PBR.A is neutral. |
| ChartMill Relative Strength | 41.05 | NEUTRAL | PBR.A is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PBR.A is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PBR.A is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PBR.A is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.25 | NEUTRAL | The RSI value for PBR.A is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests PBR.A has a positive trend. |
| Stochastics (14,3) | 81.91 | OVERBOUGHT | The high Stochastics value suggests PBR.A may be overbought. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for PBR.A suggests low volalility. |
| Average Directional Index/ADX (14) | 19.7 | NEGATIVE | The low ADX value for PBR.A suggests a weak or negative trend. |
11.65
+0.36 (+3.19%)
PETROLEO BRASIL-SP PREF ADR / PBR.A FAQ
What is the ChartMill technical rating of PETROLEO BRASIL-SP PREF ADR (PBR.A) stock?
ChartMill assigns a technical rating of 4 / 10 to PBR.A.
What is the current trend direction of PETROLEO BRASIL-SP PREF ADR (PBR.A) stock?
The current trend direction for PETROLEO BRASIL-SP PREF ADR (PBR.A) is Bearish.
What is the RSI signal for PETROLEO BRASIL-SP PREF ADR (PBR.A) stock?
PETROLEO BRASIL-SP PREF ADR (PBR.A) has an RSI value of 57.2491. This indicates that the stock is currently neutral.
What is the MACD signal for PETROLEO BRASIL-SP PREF ADR (PBR.A) stock?
The MACD indicator for PETROLEO BRASIL-SP PREF ADR (PBR.A) has a value of 0.055371, indicating a bearish trend.
What is the support and resistance level for PBR.A stock?
PETROLEO BRASIL-SP PREF ADR (PBR.A) has a support level at 11.27 and a resistance level at 11.65. Check the full technical report for our detailed analysis of PBR.A support and resistance levels.