PETROLEO BRASIL-SP PREF ADR (PBR.A) Technical Analysis
NYSE:PBR.A • US71654V1017
Current stock price
PBR.A Technical Rating and Analysis
Overall PBR.A gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PBR.A is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- PBR.A is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. PBR.A outperforms 86% of them.
- PBR.A is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PBR.A has a been trading in the 16.76 - 19.55 range, which is quite wide. It is currently trading near the high of this range.
- PBR.A has an average volume of 13028700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that PBR.A is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this relatively good performance is mostly due to a recent big move.
PBR.A Weekly and Daily overview Charts
PBR.A Setup Rating and Analysis
Although PBR.A has an excellent technical rating, the quality of the presented setup is not ideal 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
PBR.A Support and Resistance Analysis
10.65
We found 3 important support areas.
- A support zone ranging from 17.96 to 18.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.11 to 11.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.76 to 10.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
PBR.A Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for PBR.A is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PBR.A is up. |
| ChartMill Relative Strength | 93.75 | POSITIVE | PBR.A has a high relative strength, it outperformed 93.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PBR.A is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PBR.A is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PBR.A is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.52 | NEUTRAL | The RSI value for PBR.A is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PBR.A has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 78.45 | NEUTRAL | The Stochastics value for PBR.A is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for PBR.A suggests some volalility. |
| Average Directional Index/ADX (14) | 43.24 | POSITIVE | The high ADX value value for PBR.A suggests a strong trend. |
PBR.A Chart- and CandleStick Pattern Analysis
PBR.A Technicals: Chart, Performance Metrics, Trend & Indicators
19.55
+0.66 (+3.49%)
PETROLEO BRASIL-SP PREF ADR / PBR.A TA FAQ
What is the ChartMill technical rating of PETROLEO BRASIL-SP PREF ADR (PBR.A) stock?
ChartMill assigns a technical rating of 9 / 10 to PBR.A.
What is the trend direction for PBR.A stock?
The current trend direction for PETROLEO BRASIL-SP PREF ADR (PBR.A) is Bullish.
Can you provide the RSI signal for PETROLEO BRASIL-SP PREF ADR?
PETROLEO BRASIL-SP PREF ADR (PBR.A) has an RSI value of 68.519. This indicates that the stock is currently neutral.
What is the buy/sell signal for PBR.A stock?
The buy/sell signal for PETROLEO BRASIL-SP PREF ADR (PBR.A) is buy as both the short term and long term trends are positive.
What is the support and resistance level for PBR.A stock?
PETROLEO BRASIL-SP PREF ADR (PBR.A) has a support level at 18.23. Check the full technical report for our detailed analysis of PBR.A support and resistance levels.