PETROLEO BRASILEIRO-SPON ADR (PBR)

US71654V4086 - ADR

15.04  -0.04 (-0.27%)

After market: 15.05 +0.01 (+0.07%)

Technical Rating and Analysis

8

Overall PBR gets a technical rating of 8 out of 10. Although PBR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
PBR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PBR is performing more or less in line with the market.
PBR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
PBR has an average volume of 20298800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that PBR is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
PBR is part of the Oil, Gas & Consumable Fuels industry. There are 217 other stocks in this industry, PBR did better than 59% of them.

More info and screens

Statistics
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.1
Mansfield1.63
10 Day High15.71
10 Day Low14.77
20 Day High15.71
20 Day Low13.97
52 Week High16.32
52 Week Low8.88
Performance
1 Week-2.27%
2 Weeks2.04%
1 Month5.1%
3 Month8.75%
6 Month44.2%
12 Month21.88%
Weekly and Daily overview Charts
PBR Weekly chart
PBR Daily chart
Setup Rating and Analysis

7

PBR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.86, a Stop Loss order could be placed below this zone.

More info and screens

Support and Resistance Analysis

13.25

16.22

2 important support areas can be observed.

  • A support zone ranging from 14.72 to 14.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 13.38 to 13.51. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

  • A resistance zone ranging from 15.13 to 15.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @15.40 from a horizontal line in the daily time frame.
  • Resistance @15.69 from a horizontal line in the weekly time frame.
  • Resistance @16.06 from a horizontal line in the weekly time frame.

More info

Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
15.1414.760.38 (2.54%)25.00%
An entry @15.14. This is a Buy Stop order right above the resistance zone.An exit @14.76. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.38 points, which is 2.54%.For a 0.64% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of PBR. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

More info and screens

PBR Daily chart

PETROLEO BRASILEIRO-SPON ADR

NYSE:PBR (9/25/2023, 7:07:54 PM)

After market: 15.05 +0.01 (+0.07%)

15.04

-0.04 (-0.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.27%
1 Week-2.27%
2 Weeks2.04%
1 Month5.1%
3 Month8.75%
6 Month44.2%
12 Month21.88%
Volatility
ATR(14)0.33
ATR(20)%2.35%
ATR Inc-37.5%
Range Today0.19
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.1
Mansfield1.63
10 Day High15.71
10 Day Low14.77
20 Day High15.71
20 Day Low13.97
52 Week High16.32
52 Week Low8.88
CS1 End14.86
CR1 Start15.13
Volume & EV
DER(3)0.96%
DER(5)0.72%
Volume9.71M
Volume Incr-19.15%
Vol(5)16.43M
Vol(50)20.30M