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#17) Petroleo Brasileiro S.A.(PBR) Forecast Chart for Feb 2, 2018*
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February 1, 2018 (RicochetTrader.com)

Forecast chart for Petroleo Brasileiro S.A. ( PBR ) for the next 15 trading days, starting on February 2, 2018

On February 1, 2018 Petroleo Brasileiro S.A. had a closing price of $13.95 with 18,713,424 shares traded. The trading liquidity was $261.05M. The forecast predicted average opening price for trading date February 2, 2018 is $13.96.

Summary Information for Petroleo Brasileiro S.A. ( PBR ).

Summary of the 10th percentile net composite return.
The best expected daily return of -0.8712% occurs on day 2 where there is a 10% chance that PBR will rise to $14.60 (+4.55%) and there is a 10% chance it will fall to $13.08 (-6.30%). There is a 20% that PBR will cross one of these price levels in 2 days, and adding the returns of +4.55% and -6.30% yields a net composite return of -1.75%. A net return of -1.75% in 2 days is an EDR of -0.8712% per day.

Summary of the 20th percentile net composite return.
The best expected daily return of -0.4744% occurs on day 3 where there is a 20% chance that PBR will rise to $14.48 (+3.74%) and there is a 20% chance it will fall to $13.24 (-5.17%). There is a 40% that PBR will cross one of these price levels in 3 days, and adding the returns of +3.74% and -5.17% yields a net composite return of -1.43%. A net return of -1.43% in 3 days is an EDR of -0.4744% per day.

Summary of the 30th percentile net composite return.
The best expected daily return of -0.4815% occurs on day 4 where there is a 30% chance that PBR will rise to $14.30 (+2.44%) and there is a 30% chance it will fall to $13.35 (-4.38%). There is a 60% that PBR will cross one of these price levels in 4 days, and adding the returns of +2.44% and -4.38% yields a net composite return of -1.94%. A net return of -1.94% in 4 days is an EDR of -0.4815% per day.

Summary of the 40th percentile net composite return.
The best expected daily return of -0.5234% occurs on day 4 where there is a 40% chance that PBR will rise to $14.16 (+1.43%) and there is a 40% chance it will fall to $13.47 (-3.54%). There is a 80% that PBR will cross one of these price levels in 4 days, and adding the returns of +1.43% and -3.54% yields a net composite return of -2.11%. A net return of -2.11% in 4 days is an EDR of -0.5234% per day.

* The forecast for Petroleo Brasileiro S.A. (PBR) was made using market data after the close on February 1, 2018 but is generated for the next trading day, or February 2, 2018


NOTICE: We are currently working on a new site to better serve our users.
Unfortunately this will take some time and we will need to stop the forecast until the new site is completed.
Sorry for any inconveniences.