PBR stock: buy or sell
Updated on:
Apr 16th, 2021
1
PBR stock brief
- Petrobras stock inched down -1.22% to close at $8.10 on the stock market on Thursday.
- Looking at the chart, price is drawing an scaled downtrend since last January with lower tops and lower bottoms. shares price lost a -29.50% since the downtrend started.
- The Goldman Sachs Group published a neutral rating for Petrobras on Wednesday, forecasting $10.30
- Petróleo Brasileiro S. A. - Petrobras produce and sells oil and gas in Brazil and internationally.
Should I buy Petrobras stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $PBR will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Petrobras stock?
Do you know when is it time to sell Petrobras?. Trading strategies help us to avoid rash decisions based on our emotions or the noise that surrounds the market. Our trading system selects very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups should not be used for selling short Petrobras stock
As a rule of thumb, you must never keep an open trade that shows a greater losses than those expected upon the buy. The moment to sell your stock always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Petrobras stock?
Currently, Petrobras stock doesn't match any of our preferred sell setups, so if you hold Petrobras shares and your operation is in profit probably is not time to sell now
Petrobras ratings
In the last 30 days, 2 analyst ratings were published for Petrobras
| Brokerage firm | Rating |
|---|---|
| Mar 22nd, 2021 | |
| Bank of America | Sell → Neutral |
| Apr 14th, 2021 | |
| The Goldman Sachs Group | |
Petrobras stock analysis
Petrobras accumulates a price drop of -29.50% since its latest peak last January at $11.49. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops.
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks
Relative strength index
The RSI crossed up the oversold level of 30 in mid-March after just being in the oversold zone for just one day (what can be considered a strength sign). The RSI reading on Thursday was 49.68. Since then, Petrobras stock skyrocketed a 15.22%
Petrobras stock price history
Petrobras started trading priced at an adjusted price1 of $3.51 on Aug 2000. Since then, PBR stock surged by 130.77%, with an average of 6.54% per year. An investment of $1,000USD on Aug 2000 would have a value of $2,307.69 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Petrobras stock
Nobody knows how much a stock will be priced in the future. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.
The following table shows the price target posted by brokerage institutions in the last 30 days. Again, these targets are not direct recommendations for small traders and should not be followed blindly.
There is just one price target issued for Petrobras that forecasts a price of $10.30.
| Brokerage firm | Price target |
|---|---|
| Mar 22nd, 2021 | |
| Bank of America | Not available |
| Apr 14th, 2021 | |
| The Goldman Sachs Group | $10.30 |
Earnings and financials
Petroleo Brasileiro S.A. - Petrobras ($PBR) posted earnings of $-0.70 per share last February, significantly undercutting the Wall St consensus estimate of $0.14 per share. This quarterly report represents an earnings surprise of -600.00%. On the contrary, the company reported revenue was $13.9 billion in line with analysts' forecasts.
Compared to the same quarter last year, EPS was $0.30, so posted EPS is a loss of -333.33%. Revenue sank a -18.39% on an annualized basis in the , from $817.7B to $667.3B last quarter.PBR ($PBR) releases earnings report mid next May.
Petrobras performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Petrobras ($PBR) | 4.50% | -25.40% | 15.20% |
Disclaimer:
The viewpoints published in this article are personal and not recommendations for you to buy or sell shares. The author of this text does not know the specific scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for education motives onlyPBR summary
| Thursday, April 15th, 2021 | |
|---|---|
| Open | $8.29 |
| Close | $8.1 |
| Day range | $8.09 - $8.34 |
| Previous close | $8.2 |
| Session gain | -1.22% |
| Average true range | $0.25 |
| 50d mov avg | $8.45 |
| 100d mov avg | $9.42 |
| 200d mov avg | $8.63 |
| Earnings date | May 13th, 2021 |