PETROLEO BRASILEIRO-SPON ADR (PBR) Stock Technical Analysis
USA - NYSE:PBR - US71654V4086 - ADR
13.18 USD
+0.15 (+1.15%)
13.1412 USD
-0.04 (-0.29%)
We assign a technical rating of 7 out of 10 to PBR. PBR has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month PBR has a been trading in the 11.46 - 13.62 range, which is quite wide. It is currently trading near the high of this range.
PBR has an average volume of 24237200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, PBR outperforms 49% of them, which is more or less in line with the market.
PBR is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 50% of 210 stocks in the same industry.
PBR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PBR is lagging the market.
Although PBR has an excellent technical rating, it does not present a decent entry opportunity 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
14.19
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.07 to 13.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.20 to 12.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.31 to 11.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @13.19 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 13.45 to 13.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @14.05 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 | UP | POSITIVE | The short term trend for PBR is up. |
| ChartMill Relative Strength | 49.61 | NEUTRAL | PBR is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of PBR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.15 | NEUTRAL | The RSI value for PBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests PBR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.76 | NEUTRAL | The Stochastics value for PBR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for PBR suggests some volalility. |
| Average Directional Index/ADX (14) | 26.62 | POSITIVE | The high ADX value value for PBR suggests a strong 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)
13.18
+0.15 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.15%
1 Week2.49%
2 Weeks13.23%
1 Month13.23%
3 Month9.2%
6 Month9.65%
12 Month-6.59%
2 Year-13.69%
3 Year12.75%
5 Year37.72%
10 Year176.31%
15 Year-59.37%
Volatility
ATR(14)0.35
ATR(20)%2.47%
ATR Inc-16.33%
Range Today0.29
ADR(20)0.29
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.61
3 months CRS80.6
6 months CRS65.02
Mansfield-0.71
10 Day High13.62
10 Day Low11.64
20 Day High13.62
20 Day Low11.46
52 Week High15.1
52 Week Low11.03
CS1 End13.13
CR1 Start13.19
Volume & EV
DER(3)-0.08%
DER(5)1.42%
Volume16.14M
Volume Incr-16.83%
Vol(5)22.53M
Vol(50)24.24M
PETROLEO BRASILEIRO-SPON ADR / PBR FAQ
Can you provide the ChartMill technical rating for PETROLEO BRASILEIRO-SPON ADR?
ChartMill assigns a technical rating of 7 / 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 66.1536. 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 positive.