PETROLEO BRASILEIRO-SPON ADR (PBR) Stock Technical Analysis
NYSE:PBR - New York Stock Exchange, Inc. - US71654V4086 - ADR - Currency: USD
We assign a technical rating of 1 out of 10 to PBR. PBR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, PBR is a bad performer in the overall market: 81% of all stocks are doing better.
PBR is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 60% of 213 stocks in the same industry do better.
PBR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PBR is lagging the market.
PBR has an average volume of 24968400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month PBR has a been trading in the 11.17 - 12.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PBR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for PBR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.08
15.05
When analyzing the support we notice one important area.
- A support zone ranging from 11.19 to 11.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 12.01 to 12.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.85 to 14.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.40 to 14.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 14.90 to 14.90. 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 | DOWN | NEGATIVE | The long term trend for PBR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PBR is down. |
| ChartMill Relative Strength | 19.96 | NEGATIVE | PBR has a low relative strength, it was outperformed by 80.04% 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) | DOWN | NEGATIVE | The current price of PBR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PBR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.14 | NEUTRAL | The RSI value for PBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests PBR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.3 | NEUTRAL | The Stochastics value for PBR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for PBR suggests some volalility. |
| Average Directional Index/ADX (14) | 18.29 | NEGATIVE | The low ADX value for PBR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.84
+0.03 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.25%
1 Week-1.5%
2 Weeks0.34%
1 Month3.14%
3 Month-19.78%
6 Month-20.54%
12 Month-20.11%
2 Year2.6%
3 Year-14.7%
5 Year55.18%
10 Year41.8%
15 Year-66.76%
Volatility
ATR(14)0.26
ATR(20)%2.36%
ATR Inc13.78%
Range Today0.29
ADR(20)0.26
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.96
Mansfield-1.58
10 Day High12.32
10 Day Low11.56
20 Day High12.32
20 Day Low11.17
52 Week High15.73
52 Week Low11.03
CS1 End11.22
CR1 Start12.01
Volume & EV
DER(3)4.73%
DER(5)3.26%
Volume19.46M
Volume Incr-26%
Vol(5)17.74M
Vol(50)24.97M