Buy signal confirmed, Petrobras climbs to 4th place
Petrobras stock adds 3.1% this week as the buy signal holds, with earnings just days away
Buy signal confirmed, Petrobras climbs to 4th place
Our view last week
Petrobras' stock confirms the buy signal that fired last week: after the double bottom in the 42 area, the stock adds another 3.8% and presses against its recent highs, above the 48 area. The weekly picture stays bullish, though the first caution signals are showing up in volume. In this technical analysis, Petrobras now ranks 5th among the open Longs on Rest of World stocks.
This week's summary
Petrobras stock closes the week up another 3.1%, and the technical picture stays clean: three rising daily lows, from the 43 area to 46, push the stock right up against its recent highs, in the 49.4 area. The buy signal that fired 2 weeks ago holds, and Petrobras climbs to 4th among the 12 open Longs on Rest of the World stocks. Earnings land August 6, worth watching this week.
Open BUY
·2nd week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 6
★ See Gold version →
IQS Phase
65
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#4 / 12
Rest of the World stocks in progress
Trade P&L %
+7.05%
from signal to date, no stop loss
Rank position
ranks 4th among the 12 Longs already running for titoli resto del mondo 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%
PETR3 belongs to the energy sector (reference ETF XLE). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content