PETROLEO BRASILEIRO-SPON ADR (PBR) Stock Technical Analysis
NYSE:PBR - New York Stock Exchange, Inc. - US71654V4086 - ADR - Currency: USD
Overall PBR gets a technical rating of 2 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.
84% of all other stocks performed better in the past year than PBR.
PBR is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 66% are performing better than PBR.
PBR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PBR has a been trading in the 11.86 - 13.22 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.
PBR has an average volume of 22235900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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.
More info and screens
10.99
15.05
We found 1 important support area.
- A support zone ranging from 11.10 to 11.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 12.44 to 12.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.98 to 13.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.60 from a trend line in the weekly time frame.
- A resistance zone ranging from 14.37 to 14.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.90 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for PBR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PBR is down. |
| ChartMill Relative Strength | 16.59 | NEGATIVE | PBR has a low relative strength, it was outperformed by 83.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PBR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PBR is below the rising 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) | 39.76 | NEUTRAL | The RSI value for PBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests PBR has a negative trend. |
| Stochastics (14,3) | 9.52 | OVERSOLD | The low Stochastics value suggests PBR may be oversold. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for PBR suggests some volalility. |
| Average Directional Index/ADX (14) | 19.44 | 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)
12.01
-0.29 (-2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.36%
1 Week-6.32%
2 Weeks-8.04%
1 Month-7.62%
3 Month3.36%
6 Month-12.46%
12 Month-19.61%
2 Year-18.19%
3 Year-15.9%
5 Year38.52%
10 Year76.62%
15 Year-67.01%
Volatility
ATR(14)0.29
ATR(20)%2.34%
ATR Inc29.27%
Range Today0.54
ADR(20)0.27
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.59
Mansfield-1.78
10 Day High13.16
10 Day Low11.86
20 Day High13.23
20 Day Low11.86
52 Week High15.73
52 Week Low11.03
CS1 End11.31
CR1 Start12.44
Volume & EV
DER(3)4.11%
DER(5)3.2%
Volume28.40M
Volume Incr-33.78%
Vol(5)16.48M
Vol(50)22.24M