14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PRIO3.SA
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Petro Rio S.A. stock price up 1.81% on Monday
(Updated on Jun 24, 2024)

Sell candidate since Jun 21, 2024 Gain 1.81% PDF

The Petro Rio S.A. stock price gained 1.81% on the last trading day (Monday, 24th Jun 2024), rising from R$41.33 to R$42.08. During the last trading day the stock fluctuated 2.50% from a day low at R$41.25 to a day high of R$42.28. The price has risen in 6 of the last 10 days and is up by 3.14% over the past 2 weeks. Volume fell on the last day by -8 million shares and in total, 5 million shares were bought and sold for approximately R$212.42 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.70% during the next 3 months and, with a 90% probability hold a price between R$31.01 and R$35.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

PRIO3.SA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 5.41%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Petro Rio S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at R$43.62. On a fall, the stock will find some support from the short-term average at R$41.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Petro Rio S.A. stock

Petro Rio S.A. finds support from accumulated volume at R$41.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved R$1.03 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 2.31%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PRIO3.SA) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Petro Rio S.A. to open at R$41.87, and during the day (based on 14 day Average True Range), to move between R$40.94 and R$43.22, which gives a possible trading interval of +/-R$1.14 (+/-2.72%) up or down from last closing price. If Petro Rio S.A. takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at R$42.69 (1.45%) than the support at R$41.33 (1.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Petro Rio S.A. stock A Buy?

Petro Rio S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.232 Sell Candidate Unchanged

Predicted Opening Price for Petro Rio S.A. of Tuesday, June 25, 2024

Fair opening price June 25, 2024 Current price
R$41.87 ( 0.499%) R$42.08

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PRIO3.SA

Fibonacci Support & Resistance Levels

Level Price
R3 42.90 1.95%
R2 42.51 1.01%
R1 42.26 0.436%
Price 42.08
S1 41.48 -1.43%
S2 41.23 -2.01%
S3 40.84 -2.95%

Accumulated Volume Support & Resistance Levels

Level Price
R3 50.86 20.87%
R2 48.00 14.07%
R1 42.69 1.45%
Price 42.08
S1 41.33 -1.78%
S2 40.89 -2.83%
S3 40.14 -4.61%

PRIO3 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 14, 2023 Dec 14, 2023 Dec 22, 2023 R$0.0726 0.160%

FAQ

What is the symbol for Petro Rio S.A. Stock and on which exchange is it traded?
The symbol for Petro Rio S.A. is PRIO3.SA and it is traded on the SAO (São Paulo).

Should I buy or sell Petro Rio S.A. Stock?
Petro Rio S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Petro Rio S.A. Stock?
Petro Rio S.A. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Petro Rio S.A. Stock.

What's the current price of Petro Rio S.A. Stock?
As of the end of day on the Jun 24, 2024, the price of an Petro Rio S.A. (PRIO3.SA) share was R$42.08.

What is the 52-week high and low for Petro Rio S.A. Stock?
The 52-week high for Petro Rio S.A. Stock is R$52.13 and the 52-week low is R$35.15.

What is the market capitalization of Petro Rio S.A. Stock?
As of the Jun 24, 2024, the market capitalization of Petro Rio S.A. is 35.241B.

When is the next earnings date for Petro Rio S.A.?
The upcoming earnings date for Petro Rio S.A. is Aug 06, 2024.
Click to get the best stock tips daily for free!