PBR Price Prediction Next Week
Petrobras (PBR) Stock Price Prediction and Recommendation
Based on the analysis of news sentiment and technical indicators, here is the prediction for Petrobras (PBR) for the next trading week:
News Sentiment Analysis:
- HSBC Upgrade: Petrobras was upgraded to Buy from Hold with a $15 price target, indicating positive analyst sentiment.
- Settlement Agreement: Petrobras agreed to pay $283 million to settle a U.S. court dispute, which is already accounted for in earnings.
- LNG Deal: Petrobras is negotiating a long-term LNG import deal with U.S. suppliers, which could enhance energy security and revenue.
Technical Indicators:
- Current Price: $14.18 (as of 2025-03-21).
- RSI (14): 61.07, indicating neutral conditions.
- MACD: Slightly positive, suggesting upward momentum.
- Fibonacci Levels: Resistance at $14.53 (R2) and support at $12.68 (S1).
Price Prediction:
The stock is expected to rise towards the Fibonacci R2 level of $14.53 next week, driven by positive news and technical momentum.
Recommendation:
Buy Petrobras (PBR) as the combination of positive news and favorable technical indicators suggests upward potential.
PBR Similar Chart Price Prediction
The price of PBR is predicted to go up -24.55%, based on the high correlation periods with CNF. The similarity of these two price pattern on the periods is 98.45%.
PBR
CNF
Down: -24.55%Similarity: 98.45%
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%
