PBR Price Prediction Next Week
Technical Analysis
Based on recent price action and technical indicators, PBR shows a bearish short-term trend. The stock reported disappointing Q4 results with a net loss of 17 billion reais (~$2.9B), which has created downward pressure. The implied volatility suggests a potential move of ±3.25% following earnings.
News Impact
- Brazilian regulators are implementing stricter controls on offshore drilling, causing operational delays
- Despite Q4 losses, company plans to distribute 9.1 billion reais (~$1.6B) in ordinary dividends
- Recent regulatory crackdown has created uncertainty in Brazil's oil industry
Price Prediction for Next Week Based on technical analysis and recent news sentiment:
Target Prices:
- Resistance: $14.80
- Support: $13.90
- Most Likely Range: $14.10-$14.50
Recommendation: SELL
- Regulatory headwinds and disappointing earnings create near-term pressure
- Technical indicators suggest continued weakness
- Entry point for short positions: $14.40
- Stop loss: $14.85
- Target: $13.90
The increased regulatory scrutiny and weak Q4 performance suggest limited upside potential in the coming week. The stock is likely to test lower support levels before finding stability.
PBR Similar Chart Price Prediction
The price of PBR is predicted to go up -29.37%, based on the high correlation periods with BOXL. The similarity of these two price pattern on the periods is 93.56%.
PBR
BOXL
Down: -29.37%Similarity: 93.56%
PBR Revenue Forecast
PBR EPS Forecast
PBR FAQs
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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
2024-09-25
Price Target
$17 → $19
Upside
+27.95%
