PETROLEO BRASIL-SP PREF ADR (PBR.A) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PBR.A - US71654V1017 - ADR
Overall PBR.A gets a technical rating of 0 out of 10. PBR.A scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
PBR.A has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.51
When analyzing the support we notice one important area.
- 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 5 important resistance areas.
- A resistance zone ranging from 11.10 to 11.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.63 to 11.78. 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 | DOWN | NEGATIVE | The long term trend for PBR.A is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PBR.A is down. |
| ChartMill Relative Strength | 26.64 | NEGATIVE | PBR.A has a low relative strength, it was outperformed by 73.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PBR.A is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PBR.A is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PBR.A is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.81 | NEUTRAL | The RSI value for PBR.A is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PBR.A has a negative trend. |
| Stochastics (14,3) | 33.78 | NEUTRAL | The Stochastics value for PBR.A is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for PBR.A suggests low volalility. |
| Average Directional Index/ADX (14) | 23.84 | NEUTRAL | The ADX value for PBR.A suggests a possible start of a new trend. |
11.02
-0.15 (-1.34%)
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 0 / 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 38.8104. 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 -0.00738511, 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 10.83 and a resistance level at 11.1. Check the full technical report for our detailed analysis of PBR.A support and resistance levels.