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Petroleo Brasileiro S.A.- Petrobras (PBR) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Feb 2017NoneBullish EngulfingWed, 08 Feb 20175.18%
***Stock database and scans are updated around midnight (New York time) every trading day.
10.77 0.00 (0%) Feb 17 4:01pm EST
Open: 10.80 Range: 10.70 - 10.83 Vol: 9.16M Avg Vol: 19.99M
EPS: -2.66 P/E ratio: 0.00 EBITDA: 33.28B Mkt Cap: 70.24B
Analyze "PBR" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 10.82
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 10.58
Last Trade is above the 50 day moving average at 10.64
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 9.27
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of PBR

Stock Trend Analysis - Buy, Sell or Hold "Petroleo Brasileiro S.A.- Petrobras" (PBR)?

PBR is in a very strong uptrend. In the last 52 weeks, PBR has been trading above the 200 day moving average for 90% of the time with an average daily volume of 20M shares being traded. The 50 day moving average, currently at 10.64, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average, although in a trading range, generally confirms this view as the underlying strength in PBR still has a bullish bias with price maintaining above the 20 SMA for 50% of the time in the last two months of trading. Traders who are thinking of going long PBR shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 10.64 and 9.27 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "PBR".

The analyst consensus estimates for the 1 year price target for this stock is $11.11* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Feb 2017
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