PETROLEO BRASILEIRO-SPON ADR (PBR) Stock Technical Analysis
NYSE:PBR • US71654V4086
Overall PBR gets a technical rating of 9 out of 10. Both in the recent history as in the last year, PBR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- PBR is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 73% of 206 stocks in the same industry.
- A new 52 week high is currently being made by PBR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month PBR has a been trading in the 14.50 - 16.73 range, which is quite wide. It is currently trading near the high of this range.
- PBR has an average volume of 22898100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, PBR did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PBR has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
11.37
We found 3 important support areas.
- A support zone ranging from 15.75 to 15.79. 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 14.87 to 14.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.48 to 11.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for PBR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PBR is up. |
| ChartMill Relative Strength | 83.98 | POSITIVE | PBR has a high relative strength, it outperformed 83.98% off all stocks 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) | UP | POSITIVE | The current price of PBR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.87 | OVERBOUGHT | The high RSI value suggests PBR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PBR has a positive trend. |
| Stochastics (14,3) | 92.11 | OVERBOUGHT | The high Stochastics value suggests PBR may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for PBR suggests some volalility. |
| Average Directional Index/ADX (14) | 43.78 | POSITIVE | The high ADX value value for PBR suggests a strong trend. |
16.71
+0.17 (+1.03%)
PETROLEO BRASILEIRO-SPON ADR / PBR FAQ
Can you provide the ChartMill technical rating for PETROLEO BRASILEIRO-SPON ADR?
ChartMill assigns a technical rating of 9 / 10 to PBR.
Can you provide the trend direction for PETROLEO BRASILEIRO-SPON ADR?
The current trend direction for PETROLEO BRASILEIRO-SPON ADR (PBR) is Bullish.
What is the RSI signal for PBR stock?
PETROLEO BRASILEIRO-SPON ADR (PBR) has an RSI value of 75.8726. This indicates that the stock is currently overbought.
What is the MACD signal for PBR stock?
The MACD indicator for PETROLEO BRASILEIRO-SPON ADR (PBR) has a value of 0.044507, indicating a bearish trend.
What are the support and resistance levels for PETROLEO BRASILEIRO-SPON ADR (PBR) stock?
PETROLEO BRASILEIRO-SPON ADR (PBR) has a support level at 15.79. Check the full technical report for our detailed analysis of PBR support and resistance levels.