PETROLEO BRASIL-SP PREF ADR (PBR.A) Technical Analysis
NYSE:PBR.A • US71654V1017
Overall PBR.A gets a technical rating of 9 out of 10. Both in the recent history as in the last year, PBR.A has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- PBR.A is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PBR.A is leading the market.
- In the last month PBR.A has a been trading in the 13.83 - 17.63 range, which is quite wide. It is currently trading near the high of this range.
- PBR.A has an average volume of 12054100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, PBR.A did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- PBR.A is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 68% of 207 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although PBR.A has an excellent technical rating, it does not present a decent entry opportunity 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
10.65
We found 3 important support areas.
- Support @15.93 from a trend line in the daily time frame.
- A support zone ranging from 11.11 to 11.33. 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.
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 | 90.4 | POSITIVE | PBR.A has a high relative strength, it outperformed 90.4% 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) | 68.1 | NEUTRAL | The RSI value for PBR.A is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests PBR.A has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.34 | OVERBOUGHT | The high Stochastics value suggests PBR.A may be overbought. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for PBR.A suggests some volalility. |
| Average Directional Index/ADX (14) | 51.22 | POSITIVE | The high ADX value value for PBR.A suggests a strong trend. |
PBR.A Technicals: Chart, Performance Metrics, Trend & Indicators
16.78
-0.39 (-2.27%)
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 9 / 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 68.1004. 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 0.0868808, 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 15.93. Check the full technical report for our detailed analysis of PBR.A support and resistance levels.