Petrobras stock closes up 2.11%, but daily RSI is overbought at 73.16

Petrobras stock retains a bullish daily bias, with price above a fully ordered set of exponential moving averages. However, an overbought daily RSI at 73.16 and less decisive short-term momentum make resistance levels important tests rather than evidence of a confirmed breakout. Key takeaways PBR closed Friday at $26.16 , a gain of 2.11% from the prior close of $25.62. Daily RSI14 stands at 73.16 , in overbought territory. Price sits above the 20-session EMA at $24.41, the 50-session EMA at $22.34, and the 200-session EMA at $18.94, with all three in bullish alignment .

Source: The Cryptonomist