PBR stock: buy or sell
Updated on:
Jul 29th, 2021
2
PBR stock brief
- Petrobras closed on Wednesday at $11.07 (2.22%) prior to presenting financial results on Thursday at 16:00
- The stock is configuring an uptrend pattern since last March, when it bottomed at $6.82. This rally marked a 62.32% gain
- Petróleo Brasileiro S. A. - Petrobras produce and sells oil and gas in Brazil and internationally.
Should I buy Petrobras stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PBR stock a buy?
Currently, Petrobras stock matches one trading strategy:
Uptrend buy setup
Petrobras stock is in an uptrend since last March that so far marked a gorgeous 62.00% gain. Price marked a pull back in this uptrend at $9.98 on July 20, and since then it bounced up a 10.92%. Now, it's just 11.83% away from breaking out above its last top and resume the uptrend. The new entry point is therefore at $12.38. If you decide to enter this trade, the suggested stop loss is at $11.14
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $12.38 | $11.14 | 10.00% |
Should I sell Petrobras stock?
When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your profits. Like when we have to buy shares, determining when is appropiate time to sell is not a capricious decision, and we must adhere our own trading style. Our trading system selects very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies are not intended for shorting Petrobras stock
A guiding principle is that you should not hold a trading operation that yields greater losses than those expected at the time of purchase. The timing to sell shares should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Petrobras stock?
In the current situation of Petrobras there is not any eligible sell setup, so Petrobras stock holders with operations in green can keep their positions
Petrobras ratings
In the previous 30 days we couldn't find any rating for Petrobras
Petrobras stock analysis
Petrobras shares started an uptrend last March, and gained an amazing 62.32%. The chart shows higher peaks and higher lows, and along the way gave some buy points for those who wanted to invest. Latest low was on July 20, when price bounced at $9.98. Now, it swings in a consolidation between its last top ($12.38) and its last bottom ($9.98)
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Since the price broke down the lower band on July 19, the price bounced off by 9.60%
Relative strength index
The RSI dropped below the overbought level of 70 last Thursday after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 52.28. Since then, Petrobras shares sank a 9.48%
Petrobras stock price history
Petrobras started trading priced at an adjusted price1 of $3.51 on Aug 2000. Since then, PBR stock has risen by 215.38%, with an average of 10.77% per year. If you had invested thousand dollars in Petrobras stock on Aug 2000, it would have a value of $3,153.85 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Petrobras stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
The following table shows the price predictions published by financial institutions over the last 30 days. Again, these forecasts are not direct recommendations for small traders and should not be followed blindly.
In the previous month we couldn't find any price target published for Petrobras stock.
Earnings and financials
Petrobras performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Petrobras ($PBR) | -6.90% | 25.40% | 7.80% |
Important:
The comments expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not know the specific circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for informational purposes onlyPBR summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $10.87 |
| Close | $11.07 |
| Day range | $10.75 - $11.11 |
| Previous close | $10.83 |
| Session gain | 2.22% |
| Average true range | $0.43 |
| 50d mov avg | $11.01 |
| 100d mov avg | $9.63 |
| 200d mov avg | $9.43 |
| Earnings date | July 29th, 2021 |