Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Fell By -0.1%, But Why?

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In its most recent trading session, Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) dropped by -0.1% – here is what that looked like (as of 2019-12-26):

Why are these moves happning?? To grasp this action better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.003, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.201, an Accumulation/Distribution Index (ADI) of 0.201, an On-Balance Volume (OBV) of 58.3, and a Chaiikin Money Flow (CMF) of -15.88. 2.273

Now let’s plug these indicators in. According to Trading View, this is what it all means:

That is what an analysis of technical indicators seems to indicate for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.