Crisis at Petrobras! State-Owned Company Shares Plummet Early in March, Resulting in BRL 17 Billion Loss for the Company. What to Expect Now?

Written by Roberta Souza

Published on 05/03/2025 at 19:33

Foto: reprodução Brasil de Fato

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Market Reacts Negatively To The State-Owned Company’s Balance Sheet, But Technical Analysis Points To Possible Reactions. Check It Out!

Petrobras (PETR4) reported a net loss of R$ 17.04 billion in the fourth quarter of 2024, reversing the profit earned in the same period of the previous year. The result was impacted by the exchange rate depreciation and the increase in operational provisions, both factors that do not directly affect the company’s cash, according to Info Money.

Despite the loss, the state-owned company announced the distribution of R$ 9.1 billion in dividends, which generated a mixed reaction in the market. Now, the big question is: Can Petrobras’ shares recover?

Petrobras Shares Fall And Test Important Support

In the last session, PETR4 fell 3.53%, closing at R$ 36.61. During the trading session, the stock tested support at R$ 35.48, where it found buying flow, reducing some of the losses.

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The formation of a hammer pattern on the daily chart suggests a possible recovery movement. However, the shares are still trading below the moving averages, which may indicate further declines if the support is lost.

If PETR4 loses R$ 35.48, the stock may fall to R$ 33.80/R$ 32.60, potentially reaching R$ 30.90 in a more pessimistic scenario.

In the positive scenario, if PETR4 surpasses R$ 36.74, it may begin a recovery movement, targeting R$ 37.40/R$ 37.65 and, subsequently, the historical peak at R$ 38.66. If this movement gains strength, R$ 39.55 and R$ 40.80 would be the next targets.

Medium And Long Term: Is Petrobras Still In An Uptrend?

On the weekly chart, the uptrend of Petrobras has not yet been lost, despite the strong correction. The state-owned company’s stock has reached successive peaks in recent months, but now it needs to stay above the moving averages to keep rising.

If the state-owned company PETR4 surpasses R$ 38.66, it could enter a new uptrend, targeting R$ 40.00 to R$ 43.50 in the long term.

On the other hand, if it loses support at R$ 35.50 and R$ 32.60, selling pressure may intensify, bringing PETR4 to lower levels, between R$ 28.90 and R$ 27.20.

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Crisis at Petrobras! State-Owned Company Shares Plummet Early in March, Resulting in BRL 17 Billion Loss for the Company. What to Expect Now?

Market Reacts Negatively To The State-Owned Company’s Balance Sheet, But Technical Analysis Points To Possible Reactions. Check It Out!

Petrobras Shares Fall And Test Important Support

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Crisis at Petrobras! State-Owned Company Shares Plummet Early in March, Resulting in BRL 17 Billion Loss for the Company. What to Expect Now?

Market Reacts Negatively To The State-Owned Company’s Balance Sheet, But Technical Analysis Points To Possible Reactions. Check It Out!

Petrobras Shares Fall And Test Important Support

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