When the Price of (PBR) Talks, People Listen
January 26, 2024, 09:28 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PBR
- Buy PBR slightly over 16.71 target 17.92 stop loss @ 16.66 Details
The technical summary data tells us to buy PBR near 16.71 with an upside target of 17.92. This data also tells us to set a stop loss @ 16.66 to protect against excessive loss in case the stock begins to move against the trade. 16.71 is the first level of support below 16.74 , and by rule, any test of support is a buy signal. In this case, support 16.71 is being tested, a buy signal would exist.
- Short PBR slightly under 17.92, target 16.71, stop loss @ 17.97 Details
The technical summary data is suggesting a short of PBR as it gets near 17.92 with a downside target of 16.71. We should have a stop loss in place at 17.97though. 17.92 is the first level of resistance above 16.74, and by rule, any test of resistance is a short signal. In this case, if resistance 17.92 is being tested, a short signal would exist.
Swing Trading Plans for PBR
- Buy PBR slightly over 17.92, target n/a, Stop Loss @ 17.87 Details
If 17.92 begins to break higher, the technical summary data tells us to buy PBR just slightly over 17.92, with an upside target of n/a. The data also tells us to set a stop loss @ 17.87 in case the stock turns against the trade. 17.92 is the first level of resistance above 16.74, and by rule, any break above resistance is a buy signal. In this case, 17.92, 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 17.92, target 16.71, Stop Loss @ 17.97. Details
The technical summary data is suggesting a short of PBR if it tests 17.92 with a downside target of 16.71. We should have a stop loss in place at 17.97 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, 17.92, 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 17.92, target n/a, Stop Loss @ 17.88 Details
If 17.92 begins to break higher, the technical summary data tells us to buy PBR just slightly over 17.92, with an upside target of n/a. The data also tells us to set a stop loss @ 17.88 in case the stock turns against the trade. 17.92 is the first level of resistance above 16.74, and by rule, any break above resistance is a buy signal. In this case, 17.92, 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 17.92, target 16.71, Stop Loss @ 17.96. Details
The technical summary data is suggesting a short of PBR if it tests 17.92 with a downside target of 16.71. We should have a stop loss in place at 17.96 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, 17.92, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Petroleo Brasileiro S.a.- Petrobras (PBR) available here: PBR.
PBR Ratings for January 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
15.52 |
| P2 |
16.21 |
15.68 |
16.71 |
| P3 |
16.57 |
16.26 |
17.92 |
AI Generated Signals for PBR
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Petroleo Brasileiro S.a.- Petrobras (NYSE: PBR) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for PBR can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PBR:
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