PANORO ENERGY ASA (PEN.OL) Stock Technical Analysis
OSL:PEN - Euronext Oslo - NO0010564701 - Common Stock - Currency: NOK
Taking everything into account, PEN scores 0 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
89% of all other stocks performed better in the past year than PEN.
PEN is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 63% of 58 stocks in the same industry do better.
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.
In the last month PEN has a been trading in the 21.05 - 27.50 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Although the technical rating is bad, PEN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.59. Right above this resistance zone may be a good entry point.
More info and screens
22.36
28.71
When analyzing the support we notice one important area.
- Support @22.59 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 22.89 to 23.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.75 from a horizontal line in the daily time frame.
- Resistance @26.77 from a trend line in the daily time frame.
- Resistance @28.43 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.58
Mansfield-2.12
10 Day High23.45
10 Day Low22
20 Day High27.5
20 Day Low21.05
52 Week High37.15
52 Week Low21.05
Performance
1 Week-2.17%
2 Weeks0.22%
1 Month-17.73%
3 Month-22.68%
6 Month-15.89%
12 Month-27.77%
2 Year-11.07%
3 Year-30.21%
5 Year149.17%
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)0.12
RSI(14)39.68
LBB22.05
UBB23.42
OSL:PEN (5/6/2025, 4:19:30 PM)
22.85
+0.35 (+1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.56%
1 Week-2.17%
2 Weeks0.22%
1 Month-17.73%
3 Month-22.68%
6 Month-15.89%
12 Month-27.77%
2 Year-11.07%
3 Year-30.21%
5 Year149.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%4.89%
ATR Inc-27.24%
Range Today0.65
ADR(20)0.92
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.58
Mansfield-2.12
10 Day High23.45
10 Day Low22
20 Day High27.5
20 Day Low21.05
52 Week High37.15
52 Week Low21.05
CS1 EndN/A
CR1 Start22.59
Volume & EV
DER(3)-5.49%
DER(5)-3.6%
Volume173.71K
Volume Incr-35.66%
Vol(5)324.39K
Vol(50)478.03K