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 1 out of 10 in our technical rating. PBR.A'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.A does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 11.25, a Stop Loss order could be placed below this zone.
More info and screens
10.51
2 important support areas can be observed.
- A support zone ranging from 11.09 to 11.25. 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 10.62 to 10.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 11.42 to 11.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.83 from a trend line in the daily time frame.
- Resistance @12.04 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 | 33.54 | NEUTRAL | PBR.A is not amongst the best or worst performers 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) | UP | MIXED | The current price of PBR.A is below the rising 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) | 46.15 | NEUTRAL | The RSI value for PBR.A is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PBR.A has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.93 | NEUTRAL | The Stochastics value for PBR.A is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for PBR.A suggests some volalility. |
| Average Directional Index/ADX (14) | 23.14 | NEUTRAL | The ADX value for PBR.A suggests a possible start of a new trend. |
11.33
+0.06 (+0.53%)
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 1 / 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 46.1505. 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 -0.000800744, 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 11.25 and a resistance level at 11.42. Check the full technical report for our detailed analysis of PBR.A support and resistance levels.