Petrobras confirms its new buy signal
Petrobras rallies 4.5% this week, confirming its fresh buy signal
Petrobras confirms its new buy signal
Our view last week
Petrobras shares add another 3.8% and clear the breakout above the 18.16 area, right where last week's rebound off the double bottom in the 16 area had stalled. That triggers a fresh buy signal — fifth among the 20 fresh US Longs, with a signal strength of 66 out of 100. Buyers are firmly in control, 90% of last session's volume, though the week also flags an early distribution signal worth watching.
This week's summary
Petrobras extends its rebound: the week closes up 4.5%, holding well above the 18.16 area where last week's push had stalled. In this weekly technical analysis of Petrobras stock, the first week of the new buy signal closes in confirmation, with high signal strength. The picture stays bullish, though the ADX is starting to lose a bit of shine.
IQS Phase
52
ordinary
Signal Strength
70
high · wide move
Sizing
FULL
Ranking
#17 / 124
US stocks in progress
Trade P&L %
+4.45%
from signal to today
Rank position
ranks 17th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorEnergy
Benchmark ETFXLE
Sector regimein positive regime
Performanceweekly +3.36% · monthly +11.29%
PBR belongs to the energy sector (reference ETF XLE). The sector is classified in positive regime according to our weekly reading.
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