Petroleo Brasileiro SA Petrobras

PBR is in a Stage 2 advancing corrective reset, repairing above its short-term EMAs with higher highs and higher lows, signaling trend continuation. Price is holding just above the rising 9EMA and 21EMA after a shallow pullback, offering a favorable entry, though RSI is nearing overbought levels.

• ↑Q1 revenue jumped 60% YoY to $11.7B; operating cash flow reached $8.4B.
• ↑Oil production at 2.58M barrels/day in Q1, rising to 2.73M in April.
• ↓Gross debt of $71.2B creates leverage risk; plan to reduce to $67B by end-2026.