Should You Buy Petroleo Brasileiro ADR Reptg 2 (PBR) Stock on Monday?

Petroleo Brasileiro ADR Reptg 2 (PBR) stock has fallen 3.19% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Petroleo Brasileiro ADR Reptg 2 has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PBR!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With PBR Stock Today?

Petroleo Brasileiro ADR Reptg 2 (PBR) stock is trading at $10.00 as of 10:05 AM on Monday, Nov 22, a rise of $0.26, or 2.67% from the previous closing price of $9.74. The stock has traded between $9.90 and $10.05 so far today. Volume today is light. So far 2,173,389 shares have traded compared to average volume of 30,172,900 shares. To screen for more stocks like Petroleo Brasileiro ADR Reptg 2 click here.

More About Petroleo Brasileiro ADR Reptg 2

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2020 was 2.8 million barrels of oil equivalent a day (83% oil production), and reserves stood at 8.8 billion boe (86% oil). Petrobras operates 13 refineries in Brazil with capacity of 2.2 million barrels a day and distributes refined products and natural gas throughout Brazil. Click Here to get the full Stock Report for Petroleo Brasileiro ADR Reptg 2 stock.