PETROLEO BRASIL-SP PREF ADR (PBR.A) Stock Technical Analysis
USA - NYSE:PBR.A - US71654V1017 - ADR
Overall PBR.A gets a technical rating of 0 out of 10. 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. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 10.91, a Stop Loss order could be placed below this zone.
More info and screens
10.26
We found 1 important support area.
- A support zone ranging from 10.36 to 10.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @11.78 from a trend line in the weekly time frame.
- A resistance zone ranging from 11.97 to 12.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.58 from a trend line in the weekly 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 | 21.92 | NEGATIVE | PBR.A has a low relative strength, it was outperformed by 78.08% 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) | 42.49 | NEUTRAL | The RSI value for PBR.A is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PBR.A has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.52 | NEUTRAL | The Stochastics value for PBR.A is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for PBR.A suggests low volalility. |
| Average Directional Index/ADX (14) | 22.64 | NEUTRAL | The ADX value for PBR.A suggests a possible start of a new trend. |
11.05
-0.02 (-0.18%)
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.
Can you provide the trend direction for PETROLEO BRASIL-SP PREF ADR?
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 42.4944. This indicates that the stock is currently neutral.
What is the short term momentum for PETROLEO BRASIL-SP PREF ADR (PBR.A) stock?
The short term momentum for PETROLEO BRASIL-SP PREF ADR (PBR.A) is negative.
What are the support and resistance levels for PETROLEO BRASIL-SP PREF ADR (PBR.A) stock?
PETROLEO BRASIL-SP PREF ADR (PBR.A) has a support level at 10.91 and a resistance level at 11.78. Check the full technical report for our detailed analysis of PBR.A support and resistance levels.