PETROLEO BRASILEIRO-SPON ADR (PBR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PBR - US71654V4086 - ADR
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.
PBR has a poor technical rating and the quality of the setup is also only medium 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
11.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.73 to 11.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 11.31 to 11.48. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.81 to 13.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.97 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 | NEUTRAL | NEUTRAL | The long term trend for PBR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PBR is neutral. |
| ChartMill Relative Strength | 28.55 | NEGATIVE | PBR has a low relative strength, it was outperformed by 71.45% 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) | 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) | 42.66 | NEUTRAL | The RSI value for PBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests PBR has a negative trend. |
| Stochastics (14,3) | 23.34 | NEUTRAL | The Stochastics value for PBR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for PBR suggests some volalility. |
| Average Directional Index/ADX (14) | 17.33 | NEGATIVE | The low ADX value for PBR suggests a weak or negative trend. |
12.24
+0.11 (+0.91%)
PETROLEO BRASILEIRO-SPON ADR / PBR FAQ
Can you provide the ChartMill technical rating for PETROLEO BRASILEIRO-SPON ADR?
ChartMill assigns a technical rating of 1 / 10 to PBR.
What is the trend direction for PBR stock?
The current trend direction for PETROLEO BRASILEIRO-SPON ADR (PBR) is Bearish.
What is the RSI signal for PBR stock?
PETROLEO BRASILEIRO-SPON ADR (PBR) has an RSI value of 42.6567. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PETROLEO BRASILEIRO-SPON ADR?
The short term momentum for PETROLEO BRASILEIRO-SPON ADR (PBR) is neutral.