PANORO ENERGY ASA (PEN.OL) Stock Technical Analysis
OSL:PEN - Euronext Oslo - NO0010564701 - Common Stock - Currency: NOK
We assign a technical rating of 2 out of 10 to PEN. Recently some decent action could be observed, but in the medium term time frame this is still negative. PEN was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, PEN is a bad performer in the overall market: 86% of all stocks are doing better.
PEN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PEN has a been trading in the 22.30 - 24.40 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
PEN is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 42% of 58 stocks in the same industry.
PEN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.30, a Stop Loss order could be placed below this zone.
More info and screens
22.13
27.00
We found 2 important support areas.
- A support zone ranging from 22.76 to 23.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @22.35 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 23.92 to 24.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.55 to 25.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.73 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for PEN.OL is up. |
| ChartMill Relative Strength | 14.44 | NEGATIVE | PEN.OL has a low relative strength, it was outperformed by 85.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PEN.OL is above the rising 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) | 55.86 | NEUTRAL | The RSI value for PEN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests PEN.OL has a positive trend. |
| Stochastics (14,3) | 75.71 | NEUTRAL | The Stochastics value for PEN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for PEN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.23 | NEGATIVE | The low ADX value for PEN.OL suggests a weak or negative trend. |
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)
OSL:PEN (7/25/2025, 7:00:00 PM)
23.9
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week2.36%
2 Weeks1.27%
1 Month4.37%
3 Month3.91%
6 Month-17.3%
12 Month-26.8%
2 Year-22.45%
3 Year-20.07%
5 Year139.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%2.13%
ATR Inc5.92%
Range Today0.55
ADR(20)0.49
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.44
Mansfield-1.83
10 Day High24.4
10 Day Low22.7
20 Day High24.4
20 Day Low22.3
52 Week High33.4
52 Week Low21.05
CS1 End23.3
CR1 Start23.92
Volume & EV
DER(3)-0.53%
DER(5)-0.14%
Volume211.25K
Volume Incr-15.45%
Vol(5)293.14K
Vol(50)326.28K