Petroleo Brasileiro Petrobras Stock Technical Analysis

PBR Stock  USD 15.21  0.28  1.88%   
As of the 28th of March, Petroleo Brasileiro holds the Risk Adjusted Performance of (0.0002), coefficient of variation of (7,232), and Variance of 4.93. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Petroleo Brasileiro, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We have analyzed thirteen technical drivers for Petroleo Brasileiro, which can be compared to its competitors. Please check Petroleo Brasileiro market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Petroleo Brasileiro is priced some-what accurately, providing market reflects its current price of 15.21 per share. Given that Petroleo Brasileiro has information ratio of (0.07), we recommend you to check out Petroleo Brasileiro's recent market performance to make sure the company can sustain itself at a future point.

Petroleo Brasileiro Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Petroleo, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Petroleo
  
Petroleo Brasileiro's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Petroleo Brasileiro Analyst Consensus

Target PriceAdvice# of Analysts
16.47Buy15Odds
Petroleo Brasileiro Petrobras current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Petroleo analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Petroleo stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Petroleo Brasileiro, talking to its executives and customers, or listening to Petroleo conference calls.
Petroleo Analyst Advice Details
Petroleo Brasileiro technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Petroleo Brasileiro technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Petroleo Brasileiro trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Petroleo Brasileiro Technical Analysis

Indicator
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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Petroleo Brasileiro volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Petroleo Brasileiro Trend Analysis

Use this graph to draw trend lines for Petroleo Brasileiro Petrobras. You can use it to identify possible trend reversals for Petroleo Brasileiro as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Petroleo Brasileiro price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Petroleo Brasileiro Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Petroleo Brasileiro Petrobras applied against its price change over selected period. The best fit line has a slop of   0.02  , which may imply that the returns on investment in Petroleo Brasileiro Petrobras will continue to fail. It has 122 observation points and a regression sum of squares at 22.99, which is the sum of squared deviations for the predicted Petroleo Brasileiro price change compared to its average price change.

About Petroleo Brasileiro Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Petroleo Brasileiro Petrobras on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Petroleo Brasileiro Petrobras based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Petroleo Brasileiro price pattern first instead of the macroeconomic environment surrounding Petroleo Brasileiro. By analyzing Petroleo Brasileiro's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Petroleo Brasileiro's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Petroleo Brasileiro specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2023 2024 (projected)
Dividend Yield0.180.190.2
Price To Sales Ratio0.851.011.23

Petroleo Brasileiro March 28, 2024 Technical Indicators

Most technical analysis of Petroleo help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Petroleo from various momentum indicators to cycle indicators. When you analyze Petroleo charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Petroleo Brasileiro March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Petroleo stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Petroleo Brasileiro is a strong investment it is important to analyze Petroleo Brasileiro's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Petroleo Brasileiro's future performance. For an informed investment choice regarding Petroleo Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Petroleo Brasileiro Petrobras. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Petroleo Brasileiro information on this page should be used as a complementary analysis to other Petroleo Brasileiro's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Petroleo Stock analysis

When running Petroleo Brasileiro's price analysis, check to measure Petroleo Brasileiro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Petroleo Brasileiro is operating at the current time. Most of Petroleo Brasileiro's value examination focuses on studying past and present price action to predict the probability of Petroleo Brasileiro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petroleo Brasileiro's price. Additionally, you may evaluate how the addition of Petroleo Brasileiro to your portfolios can decrease your overall portfolio volatility.
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Is Petroleo Brasileiro's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Petroleo Brasileiro. If investors know Petroleo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Petroleo Brasileiro listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.28)
Dividend Share
5.569
Earnings Share
3.85
Revenue Per Share
78.634
Quarterly Revenue Growth
(0.15)
The market value of Petroleo Brasileiro is measured differently than its book value, which is the value of Petroleo that is recorded on the company's balance sheet. Investors also form their own opinion of Petroleo Brasileiro's value that differs from its market value or its book value, called intrinsic value, which is Petroleo Brasileiro's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Petroleo Brasileiro's market value can be influenced by many factors that don't directly affect Petroleo Brasileiro's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Petroleo Brasileiro's value and its price as these two are different measures arrived at by different means. Investors typically determine if Petroleo Brasileiro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Petroleo Brasileiro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.