Petrobras · open long, week 12
Petrobras surges 16.9% through its 90-week high as the weekly RSI turns overbought
Our view last week
After 2 losing weeks Petrobras changes pace: up 6.3%, with a bounce off the 20-day moving average that carries price back to the edge of its 90-day high, in the 22 area. Petrobras stock holds well above its 50-week average, ADX has been rising for 5 weeks and the weekly MACD is improving again. Among US stocks with weekly buy signals this one is up 20.5% since entry: price action is clean again, but there is little room left before resistance.
This week's summary
Petrobras stock has cleared the resistance that left it little room a week ago: up 16.9% to a new 90-week high, confirmed on the weekly close. The rally has gained conviction: ADX rising for 6 weeks, MACD above its Signal line with a growing histogram, money flow positive. Among US stocks with weekly buy signals this one is up 40.8% since entry, and a weekly RSI at 73 warns that price is stretched.
IQS Phase
74
in tension
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#26 / 92
US stocks in progress
Trade P&L %
+40.79%
from signal to date, no stop loss
Petroleo Brasileiro (PBR) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 26th among the 92 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 strong phase
Performanceweekly +3.60% · monthly -0.35%
PBR belongs to the energy sector (reference ETF XLE). The sector is classified in strong phase according to our weekly reading.
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