PETROLEO BRASILEIRO-SPON ADR (PBR) Technical Analysis
NYSE:PBR • US71654V4086
Current stock price
PBR Technical Rating and Analysis
Overall PBR gets a technical rating of 9 out of 10. Both in the recent history as in the last year, PBR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- PBR is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 70% of 209 stocks in the same industry.
- PBR 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 is leading the market.
- In the last month PBR has a been trading in the 17.17 - 21.40 range, which is quite wide. It is currently trading near the high of this range.
- PBR has an average volume of 32586100 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 did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Volume is considerably higher in the last couple of days.
PBR Weekly and Daily overview Charts
PBR Setup Rating and Analysis
Although PBR has an excellent technical rating, it does not offer a high quality setup 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 Support and Resistance Analysis
11.37
We found 4 important support areas.
- A support zone ranging from 20.08 to 20.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.14 from a trend line in the daily time frame.
- Support @11.84 from a horizontal line in the daily time frame.
- A support zone ranging from 11.48 to 11.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
PBR 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PBR is up. |
| ChartMill Relative Strength | 91.97 | POSITIVE | PBR has a high relative strength, it outperformed 91.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PBR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PBR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PBR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.92 | NEUTRAL | The RSI value for PBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests PBR has a negative trend. |
| Stochastics (14,3) | 67.39 | NEUTRAL | The Stochastics value for PBR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for PBR suggests some volalility. |
| Average Directional Index/ADX (14) | 49.44 | POSITIVE | The high ADX value value for PBR suggests a strong trend. |
PBR Chart- and CandleStick Pattern Analysis
PBR Technicals: Chart, Performance Metrics, Trend & Indicators
20.56
+0.48 (+2.39%)
PETROLEO BRASILEIRO-SPON ADR / PBR TA FAQ
Can you provide the ChartMill technical rating for PETROLEO BRASILEIRO-SPON ADR?
ChartMill assigns a technical rating of 9 / 10 to PBR.
Can you provide the trend direction for PETROLEO BRASILEIRO-SPON ADR?
The current trend direction for PETROLEO BRASILEIRO-SPON ADR (PBR) is Bullish.
What is the RSI signal for PETROLEO BRASILEIRO-SPON ADR (PBR) stock?
PETROLEO BRASILEIRO-SPON ADR (PBR) has an RSI value of 67.9176. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PETROLEO BRASILEIRO-SPON ADR?
The buy/sell signal for PETROLEO BRASILEIRO-SPON ADR (PBR) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for PETROLEO BRASILEIRO-SPON ADR (PBR) stock?
PETROLEO BRASILEIRO-SPON ADR (PBR) has a support level at 20.09. Check the full technical report for our detailed analysis of PBR support and resistance levels.