Taking this into account, HSBC Securities upgraded its Petroleo Brasileiro S.A. Petrobras ADR [PBR] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. JP Morgan also remained covering PBR and has increased its forecast on September 25, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on August 26, 2024. It rated PBR as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of PBR
On Tuesday, Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR] saw its stock jump 0.84% to $14.46. Over the last five days, the stock has gained 1.33%. Petroleo Brasileiro S.A. Petrobras ADR shares have risen nearly 12.44% since the year began. Nevertheless, the stocks have fallen -0.36% over the past one year. While a 52-week high of $16.66 was reached on 02/20/25, a 52-week low of $12.45 was recorded on 03/11/25. SMA at 50 days reached $13.87, while 200 days put it at $14.16.
Levels Of Support And Resistance For PBR Stock
The 24-hour chart illustrates a support level at 14.25, which if violated will result in even more drops to 14.05. On the upside, there is a resistance level at 14.78. A further resistance level may holdings at 15.10. The Relative Strength Index (RSI) on the 14-day chart is 64.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.90%. Stochastics %K at 86.14% indicates the stock is a selling.
How much short interest is there in Petroleo Brasileiro S.A. Petrobras ADR?
A steep rise in short interest was recorded in Petroleo Brasileiro S.A. Petrobras ADR stocks on 2025-03-14, dropping by -2.22 million shares to a total of 35.41 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 37.63 million shares. There was a decline of -6.27%, which implies that there is a negative sentiment for the stock.
