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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, PEN is a bad performer in the overall market: 88% 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.
PEN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
PEN is part of the Oil, Gas & Consumable Fuels industry. There are 61 other stocks in this industry, PEN did better than 43% of them.
Considerably lower volume is observed in the last couple of days.
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 23.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.09, a Stop Loss order could be placed below this zone.
More info and screens
22.13
27.00
We found 1 important support area.
- A support zone ranging from 22.35 to 23.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 23.91 to 24.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.84 from a trend line in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for PEN.OL is down. |
| ChartMill Relative Strength | 12.57 | NEGATIVE | PEN.OL has a low relative strength, it was outperformed by 87.43% 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) | 47.3 | NEUTRAL | The RSI value for PEN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests PEN.OL has a positive trend. |
| Stochastics (14,3) | 46.3 | NEUTRAL | The Stochastics value for PEN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for PEN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.6 | 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 (7/23/2025, 2:55:24 PM)
23.25
+0.1 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.43%
1 Week0.22%
2 Weeks1.54%
1 Month-3.54%
3 Month0.65%
6 Month-19.9%
12 Month-29.1%
2 Year-24.89%
3 Year-22.58%
5 Year132.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%2.3%
ATR Inc25%
Range Today0.45
ADR(20)0.52
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.57
Mansfield-1.98
10 Day High24.1
10 Day Low22.45
20 Day High24.1
20 Day Low22.3
52 Week High33.4
52 Week Low21.05
CS1 End23.09
CR1 Start23.91
Volume & EV
DER(3)-0.54%
DER(5)-0.18%
Volume36.38K
Volume Incr-51.21%
Vol(5)181.94K
Vol(50)317.41K