Londinia Opportunities Analyses - 06/14/2021 (GMT) PETROLEO BRASILEIRO S.A.- PETROBRAS - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	PBR
ISIN:	BRPETRACNPR6

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 11.72 USD

My targets

12.18 USD (+2.87%)

12.79 USD (+8.02%)

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 11.72 USD. The buyers' bullish objective is set at 12.18 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.79 USD. If there is any crossing, the next objective would be the resistance located at 15.03 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The PETROLEO BRASILEIRO S.A.- PETROBRAS price is 11.84 USD. On the day, this instrument gained +3.32% and was traded between 11.68 USD and 11.86 USD over the period. The price is currently at +1.37% from its lowest and -0.17% from its highest.

11.68

11.86

11.84

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of PETROLEO BRASILEIRO S.A.- PETROBRAS in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

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	10.64	11.17	11.72	11.84	12.79	15.03	16.43
Change (%)	-10.14%	-5.66%	-1.01%	-	+8.02%	+26.94%	+38.77%
Change	-1.20	-0.67	-0.12	-	+0.95	+3.19	+4.59
Level	Minor	Intermediate	Major	-	Minor	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.02	11.19	11.33	11.50	11.64	11.81	11.95
Camarilla	11.38	11.40	11.43	11.46	11.49	11.52	11.55
Woodie	11.00	11.18	11.31	11.49	11.62	11.80	11.93
Fibonacci	11.19	11.31	11.39	11.50	11.62	11.70	11.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.50	10.86	11.16	11.52	11.82	12.18	12.48
Camarilla	11.28	11.34	11.40	11.46	11.52	11.58	11.64
Woodie	10.47	10.85	11.13	11.51	11.79	12.17	12.45
Fibonacci	10.86	11.11	11.27	11.52	11.77	11.93	12.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.92	7.58	8.90	9.56	10.88	11.54	12.86
Camarilla	9.67	9.85	10.03	10.21	10.39	10.57	10.76
Woodie	7.24	7.75	9.22	9.73	11.20	11.71	13.18
Fibonacci	7.58	8.34	8.81	9.56	10.32	10.79	11.54

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.88
MACD (12,26,9):	0.0300
Directional Movement:	7.25
AROON (14):	-64.29
DEMA (21):	11.69
Parabolic SAR (0,02-0,02-0,2):	11.40
Elder Ray (13):	0.18
Super Trend (3,10):	11.47
Zig ZAG (10):	11.83
VORTEX (21):	0.9100
Stochastique (14,3,5):	89.60
TEMA (21):	11.63
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.12
Repulse (5,40,3):	0.8000
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.46

MA7:	11.64
MA20:	10.55
MA50:	9.33
MA100:	9.06
MAexp7:	11.68
MAexp20:	11.61
MAexp50:	11.40
MAexp100:	10.92
Price / MA7:	+1.72%
Price / MA20:	+12.23%
Price / MA50:	+26.90%
Price / MA100:	+30.68%
Price / MAexp7:	+1.37%
Price / MAexp20:	+1.98%
Price / MAexp50:	+3.86%
Price / MAexp100:	+8.42%

Quotes : - 15 min delayed data - Actions NYSE

News

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