Petroleo Brasileiro Sa PBR Trading Report

Longer Term Trading Plans for PBR
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
    This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short PBR slightly under 11.77, target n/a, stop loss @ 11.8 Details
  • The technical summary data is suggesting a short of PBR as it gets near 11.77, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 11.8. 11.77 is the first level of resistance above 11.6194, and by rule, any test of resistance is a short signal. In this case, if resistance 11.77 is being tested, so a short signal would exist.

Swing Trading Plans for PBR
  • Buy PBR slightly over 11.77, target 12.05, Stop Loss @ 11.74 Details
  • If 11.77 begins to break higher, the technical summary data tells us to buy PBR just slightly over 11.77, with an upside target of 12.05. The data also tells us to set a stop loss @ 11.74 in case the stock turns against the trade. 11.77 is the first level of resistance above 11.6194, and by rule, any break above resistance is a buy signal. In this case, 11.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short PBR slightly near 11.77, target n/a, Stop Loss @ 11.8. Details
  • The technical summary data is suggesting a short of PBR if it tests 11.77 with a downside target of n/a. We should have a stop loss in place at 11.8 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 11.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PBR
  • Buy PBR slightly over 12.05, target 13.92, Stop Loss @ 12.02 Details
  • If 12.05 begins to break higher, the technical summary data tells us to buy PBR just slightly over 12.05, with an upside target of 13.92. The data also tells us to set a stop loss @ 12.02 in case the stock turns against the trade. 12.05 is the first level of resistance above 11.6194, and by rule, any break above resistance is a buy signal. In this case, 12.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short PBR slightly near 12.05, target n/a, Stop Loss @ 12.08. Details
  • The technical summary data is suggesting a short of PBR if it tests 12.05 with a downside target of n/a. We should have a stop loss in place at 12.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 12.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

PBR Ratings for January 25:

Term →Near Mid Long
Rating Neutral Weak Strong
P1 0 0 11.77
P2 11.54 11.61 13.92
P3 11.91 12.05 16.24
Triggers may have already come
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Price Based + Macro = Get an Edge on the Competition
  • Price matters most to making good timing decisions, and the MACRO picture defines how restrictive you need to be with entry levels. Together, these are powerful.

  • Review our Global Liquidity Report from December 2021 to see how our Macro work can foretell future market conditions. Look for the word “Volatility.”

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Chart of PBR with Longer Term Pivots

Blue = Current Price
Red= Resistance
Green = Support


PBR Long Term Analysis for January 25 2023

This Petroleo Brasileiro Sa (NYSE: PBR) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PBR change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PBR is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PBR too.  All of these are offered below the Summary Table.

Graph of Evitar Corte vs S&P 500

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