Technical analysis of "PBR stock price" reveals a bullish cup-and-handle pattern forming on the daily chart. This setup often precedes significant upward moves, with projected targets near $18 based on pattern depth calculations. Petrobras (PBR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. For the current fiscal year, the consensus earnings estimate of $2.66 points to a change of -10.7% from the prior year. Over the last 30 days, this estimate has changed -4.4%. Geopolitical tensions in global shipping routes have the potential to tighten oil supply, which could further lift "PBR stock price" over the next quarter. Petrobras’ diversified export channels help mitigate risks from regional disruptions.