Petrobras: the confirmation week holds
Petrobras stock: +3.4% confirms the buy signal ahead of earnings
Petrobras: the confirmation week holds
Our view last week
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.
This week's summary
Petrobras stock closes its confirmation week higher, up 3.4%, taking the buy signal to a 7.96% gain since entry. The setup quality indicator climbs to 71 out of 100 and the weekly structure stays intact, though contracting volume and fading buyer dominance call for attention. With earnings due August 6, this technical analysis of an energy stock is one to watch closely in the coming days.
IQS Phase
71
in tension
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#31 / 120
US stocks in progress
Trade P&L %
+7.96%
from signal to date, no stop loss
Rank position
ranks 31st among the 120 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorEnergy
Benchmark ETFXLE
Sector regimein positive regime
Performanceweekly -0.12% · monthly +12.76%
PBR belongs to the energy sector (reference ETF XLE). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content