PETROLEO BRASILEIRO-SPON ADR (PBR)       9.77  -0.22 (-2.2%)

9.77  -0.22 (-2.2%)

US71654V4086 - ADR - After market: 9.78 +0.01 (+0.1%)

Technical Rating

0

Overall PBR gets a technical rating of 0 out of 10. PBR'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.



PBR has an average volume of 23775600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
80% of all other stocks performed better in the past year than PBR.
PBR is part of the Oil, Gas & Consumable Fuels industry. There are 380 other stocks in this industry, of which 64% are performing better than PBR.
PBR is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month PBR has a been trading in the 9.63 - 11.84 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -15.41% -11.90% -22.15% -33.49% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 20.82 8.88 - 16.32
PBR Weekly chart
PBR Daily chart

Support/Resistance Analysis


9.27

15.85
We found 1 important support area.
  • Support @9.36 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
  • A resistance zone ranging from 10.81 to 10.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @11.28 from a trend line in the daily time frame.
  • Resistance @11.69 from a horizontal line in the daily time frame.
  • Resistance @11.97 from a horizontal line in the daily time frame.
  • Resistance @15.69 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

3

The technical rating of PBR is bad and it also does not present a 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.


PBR Daily chart

PETROLEO BRASILEIRO-SPON ADR9.77

NYSE:PBR (3/20/2023, 8:04:00 PM)-0.22 (-2.2%)

After market: 9.78 +0.01 (+0.1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels

Performance
Today -2.2% 1 Week -6.33%
2 Weeks -14.52% 1 Month -15.41%
3 Month -11.9% 6 Month -22.15%

Volatility
ATR(14) 0.47 ATR(20)% 4.71%
ATR Inc -45.5% Range Today 0.25

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 20.82 Mansfield -2.14
10 Day High 11.61 10 Day Low 9.64
20 Day High 11.84 20 Day Low 9.64
52 Week High 16.32 52 Week Low 8.88
CS1 End 9.36 CR1 Start 10.81

Volume & EV
DER(3) 0.44% DER(5) -0.9%
Volume 28.08M Volume Incr 12.55%
Vol(5) 26.29M Vol(50) 23.78M

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