PBR Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for PBR for the next trading week:
Technical Analysis
- Current price: $13.70 (as of January 24, 2025)
- RSI(14) at 53.94 indicates neutral momentum
- MACD at 0.07 shows slightly bullish momentum
- 20-day SMA at $13.38 acts as near-term support
- Fibonacci levels indicate:
- Resistance 1: $13.98
- Resistance 2: $14.14
- Support 1: $13.46
- Support 2: $13.29
News Sentiment Analysis
Positive factors:
- Petrobras has entered a significant agreement with PRIO for natural gas infrastructure access, enhancing market competition
- The company is finalizing a deal to regain control of key fertilizer plants, aligning with Brazil's economic self-reliance goals
Challenging factors:
- IEA has slightly reduced 2025 global oil demand growth forecast to 1.05 million barrels per day
- Geopolitical tensions and sanctions on Russia and Iran could impact global oil supplies
Price Target for Next Week Based on technical indicators and news sentiment:
- Bullish scenario (60% probability): $14.14-14.40
- Neutral scenario (30% probability): $13.70-13.98
- Bearish scenario (10% probability): $13.29-13.46
Trading Recommendation BUY with entry point at current level ($13.70) or on dips to $13.46. Set stop loss at $13.29 and take profit at $14.14.
Rationale:
- Price is trading above 20-day SMA
- Positive business developments with PRIO agreement
- Strong technical support levels
- Favorable risk-reward ratio with potential 3.2% upside to first target versus 3% downside to stop loss
PBR Similar Chart Price Prediction
The price of PBR is predicted to go up -17.22%, based on the high correlation periods with SDOT. The similarity of these two price pattern on the periods is 94.55%.
PBR
SDOT
Down: -17.22%Similarity: 94.55%
PBR Revenue Forecast
PBR EPS Forecast
PBR FAQs
What is revenue forecast for next quarter？
PBR VS S&P500
The size and quality of the presalt reservoirs offer Petrobras a low-cost supply that is unrivaled by any other global integrated firm.
Higher spending does not mean Petrobras' profligate ways are returning as it continues disciplined, focused spending on the highest-quality assets with deleveraging and dividends with surplus cash flow a priority.
The large downstream losses of the past will not be repeated thanks to price policy revisions by the government and divestment of refining capacity, which should result in a high-grade the portfolio.
PBR Analyst's Forecast
Rodolfo Angele
JP Morgan
Hold → Buy
Price Target
$17 → $19
Upside
+27.95%