Petrobras, fresh buy signal
Petrobras +3.7%: fresh buy signal follows the double bottom in the 42 area
Petrobras, fresh buy signal
Our view last week
A clean double bottom in the 42 area brought buyers back to Petrobras: a 7% daily rebound and a week that closed at +4.2%, with 85% of volume on the buy side. Compared with a week ago, when price sat squeezed with no real drive between resistance and support, something is shifting for Petrobras — though momentum and money flow haven't fully confirmed it yet. The sell signal, now in its seventh week, is still in the money.
This week's summary
A fresh buy signal has just triggered on Petrobras. After the double bottom seven days ago, the stock added another 3.7% this week and is now pressing against its 7-day high, in the 46.4 area, with 82% of Friday's volume on the buy side. The weekly picture stays moderately bullish, though a distribution signal calls for caution. Petrobras ranks 2nd among the 5 fresh Rest of World Longs in this week's technical analysis.
Fresh BUY
·1st week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 6
★ See Gold version →
IQS Phase
51
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#2 / 5
New rest of the world stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content