PANORO ENERGY ASA (PEN.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:PEN - NO0010564701 - Common Stock
Overall PEN gets a technical rating of 0 out of 10. PEN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, PEN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
18.85
We found 1 important support area.
- A support zone ranging from 19.04 to 19.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- Resistance @20.54 from a trend line in the daily time frame.
- A resistance zone ranging from 20.90 to 21.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.60 to 21.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @22.86 from a trend line in the weekly time frame.
- A resistance zone ranging from 23.64 to 23.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 25.55 to 25.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for PEN.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PEN.OL is down. |
| ChartMill Relative Strength | 10.63 | NEGATIVE | PEN.OL has a low relative strength, it was outperformed by 89.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PEN.OL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PEN.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PEN.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.08 | NEUTRAL | The RSI value for PEN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests PEN.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.97 | NEUTRAL | The Stochastics value for PEN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for PEN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.3 | NEGATIVE | The low ADX value for PEN.OL suggests a weak or negative trend. |
OSL:PEN (12/12/2025, 7:00:00 PM)
20.1
-0.1 (-0.5%)
PANORO ENERGY ASA / PEN.OL FAQ
What is the ChartMill technical rating of PANORO ENERGY ASA (PEN.OL) stock?
ChartMill assigns a technical rating of 0 / 10 to PEN.OL.
Can you provide the trend direction for PANORO ENERGY ASA?
The current trend direction for PANORO ENERGY ASA (PEN.OL) is Bearish.
What is the RSI signal for PEN stock?
PANORO ENERGY ASA (PEN.OL) has an RSI value of 47.079. This indicates that the stock is currently neutral.
What is the short term momentum for PANORO ENERGY ASA (PEN.OL) stock?
The short term momentum for PANORO ENERGY ASA (PEN.OL) is negative.
What is the support and resistance level for PEN stock?
PANORO ENERGY ASA (PEN.OL) has a support level at 19.04 and a resistance level at 20.54. Check the full technical report for our detailed analysis of PEN.OL support and resistance levels.