PETROLEO BRASIL-SP PREF ADR (PBR.A) Stock Technical Analysis
NYSE:PBR.A • US71654V1017
Taking everything into account, PBR.A scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PBR.A is only an average performer.
- The long and short term trends are both positive. This is looking good!
- PBR.A is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PBR.A is lagging the market slightly.
- In the last month PBR.A has a been trading in the 11.84 - 14.92 range, which is quite wide. It is currently trading near the high of this range.
- PBR.A has an average volume of 9331530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, PBR.A outperforms 67% of them, which is more or less in line with the market.
- PBR.A is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 53% of 206 stocks in the same industry.
Besides having an excellent technical rating, PBR.A also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 14.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PBR.A in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.65
3 important support areas can be observed.
- A support zone ranging from 14.05 to 14.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.11 to 11.25. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 14.30 to 14.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.77 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 | 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 | 67.33 | NEUTRAL | PBR.A is not amongst the best or worst performers 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) | 61.7 | 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. |
| Stochastics (14,3) | 62.5 | NEUTRAL | The Stochastics value for PBR.A is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for PBR.A suggests some volalility. |
| Average Directional Index/ADX (14) | 49.04 | POSITIVE | The high ADX value value for PBR.A suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.38 | 14.04 | 0.34 (2.36%) | 25.00% |
| An entry @14.38. This is a Buy Stop order right above the resistance zone. | An exit @14.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.34 points, which is 2.36%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%. |
- The distance between exit and entry is rather small compared to the average daily movement of PBR.A. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.15
-0.1 (-0.7%)
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 8 / 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 Bullish.
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 61.6988. 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 -0.0440961, 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 14.08 and a resistance level at 14.3. Check the full technical report for our detailed analysis of PBR.A support and resistance levels.