Meanwhile, 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 Monday, Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR] saw its stock fall -0.95% to $11.51. Over the last five days, the stock has lost -0.43%. Petroleo Brasileiro S.A. Petrobras ADR shares have fallen nearly -10.50% since the year began. Nevertheless, the stocks have fallen -23.11% over the past one year. While a 52-week high of $16.66 was reached on 02/20/25, a 52-week low of $11.03 was recorded on 04/09/25. SMA at 50 days reached $13.39, while 200 days put it at $14.02.
Levels Of Support And Resistance For PBR Stock
The 24-hour chart illustrates a support level at 11.36, which if violated will result in even more drops to 11.20. On the upside, there is a resistance level at 11.62. A further resistance level may holdings at 11.72. The Relative Strength Index (RSI) on the 14-day chart is 35.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.63%. Stochastics %K at 14.27% indicates the stock is a buying.
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 2025-03-31, growing by 1.42 million shares to a total of 38.95 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 37.52 million shares. There was a rise of 3.65%, which implies that there is a positive sentiment for the stock.
