PETROLEO BRASILEIRO S.A.- PETROBRAS

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	PBR
ISIN:	BRPETRACNPR6

PETROLEO BRASILEIRO S.A.- PETROBRAS - 1H - Technical analysis published on 12/18/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

PETROLEO BRASILEIRO S.A.- PETROBRAS - 1H

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 15.18 USD

My targets

15.98 USD (+3.88%)

16.52 USD (+7.41%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PETROLEO BRASILEIRO S.A.- PETROBRAS as long as the price remains well above 15.18 USD. The buyers' bullish objective is set at 15.98 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.52 USD. If there is any crossing, the next objective would be the resistance located at 20.08 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PETROLEO BRASILEIRO S.A.- PETROBRAS price is 15.38 USD. The price has increased by +2.88% since the last closing with the lowest point at 15.27 USD and the highest point at 15.49 USD. The deviation from the price is +0.72% for the low point and -0.71% for the high point.

15.27

15.49

15.38

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of PETROLEO BRASILEIRO S.A.- PETROBRAS in 1H shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.75	14.91	15.18	15.38	15.45	15.98	16.52
Change (%)	-4.10%	-3.05%	-1.27%	-	+0.42%	+3.88%	+7.41%
Change	-0.63	-0.47	-0.20	-	+0.07	+0.60	+1.14
Level	Minor	Major	Major	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.35	14.62	14.79	15.06	15.23	15.50	15.67
Camarilla	14.83	14.87	14.91	14.95	14.99	15.03	15.07
Woodie	14.29	14.60	14.73	15.04	15.17	15.48	15.61
Fibonacci	14.62	14.79	14.90	15.06	15.23	15.34	15.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.45	13.90	14.43	14.88	15.41	15.86	16.39
Camarilla	14.68	14.77	14.86	14.95	15.04	15.13	15.22
Woodie	13.48	13.92	14.46	14.90	15.44	15.88	16.42
Fibonacci	13.90	14.28	14.51	14.88	15.26	15.49	15.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.09	13.97	14.62	15.50	16.15	17.03	17.68
Camarilla	14.85	14.99	15.13	15.27	15.41	15.55	15.69
Woodie	12.98	13.91	14.51	15.44	16.04	16.97	17.57
Fibonacci	13.97	14.55	14.92	15.50	16.08	16.45	17.03

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.98
MACD (12,26,9):	0.1700
Directional Movement:	27.98
AROON (14):	71.42
DEMA (21):	15.38
Parabolic SAR (0,02-0,02-0,2):	15.24
Elder Ray (13):	0.14
Super Trend (3,10):	15.00
Zig ZAG (10):	15.40
VORTEX (21):	1.0700
Stochastique (14,3,5):	86.93
TEMA (21):	15.46
Williams %R (14):	-18.64
Chande Momentum Oscillator (20):	0.40
Repulse (5,40,3):	-0.1900
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	3.52

MA7:	14.91
MA20:	15.08
MA50:	15.35
MA100:	14.86
MAexp7:	15.34
MAexp20:	15.17
MAexp50:	14.98
MAexp100:	14.99
Price / MA7:	+3.15%
Price / MA20:	+1.99%
Price / MA50:	+0.20%
Price / MA100:	+3.50%
Price / MAexp7:	+0.26%
Price / MAexp20:	+1.38%
Price / MAexp50:	+2.67%
Price / MAexp100:	+2.60%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on PETROLEO BRASILEIRO S.A.- PETROBRAS at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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