PANORO ENERGY ASA (PEN.OL) Stock Technical Analysis
OSL:PEN - Euronext Oslo - NO0010564701 - Common Stock - Currency: NOK
We assign a technical rating of 0 out of 10 to PEN. PEN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
66% of all other stocks performed better in the past year than PEN.
PEN is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
PEN is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 62% of 63 stocks in the same industry.
In the last month PEN has a been trading in the 23.50 - 30.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of PEN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
25.49
30.12
We found 2 important support areas.
- Support @26.29 from a horizontal line in the weekly time frame.
- Support @25.75 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 26.43 to 26.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.70 to 29.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.87
Mansfield-1.32
10 Day High30
10 Day Low23.5
20 Day High30
20 Day Low23.5
52 Week High37.15
52 Week Low23.5
Performance
1 Week-3.49%
2 Weeks-6.07%
1 Month-9.62%
3 Month-1.5%
6 Month-3.84%
12 Month0.38%
2 Year-0.6%
3 Year-20.54%
5 Year377.31%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.31
RSI(14)44.96
LBB23.76
UBB30.08
OSL:PEN (3/7/2025, 7:00:00 PM)
26.3
+2.3 (+9.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg9.58%
1 Week-3.49%
2 Weeks-6.07%
1 Month-9.62%
3 Month-1.5%
6 Month-3.84%
12 Month0.38%
2 Year-0.6%
3 Year-20.54%
5 Year377.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.28
ATR(20)%4.42%
ATR Inc35.76%
Range Today1.35
ADR(20)1.02
ADR(20)%3.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.87
Mansfield-1.32
10 Day High30
10 Day Low23.5
20 Day High30
20 Day Low23.5
52 Week High37.15
52 Week Low23.5
CS1 End26.29
CR1 Start26.43
Volume & EV
DER(3)2.37%
DER(5)0.84%
Volume1.14M
Volume Incr52.12%
Vol(5)678.90K
Vol(50)391.96K