PANORO ENERGY ASA (PEN.OL) Stock Technical Analysis
Europe - OSL:PEN - NO0010564701 - Common Stock
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.
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 support zone below the current price at 21.28, a Stop Loss order could be placed below this zone.
More info and screens
20.84
We found 1 important support area.
- A support zone ranging from 21.05 to 21.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 21.45 to 21.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.09 from a trend line in the daily time frame.
- Resistance @24.25 from a trend line in the weekly time frame.
- 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 | 12.54 | NEGATIVE | PEN.OL has a low relative strength, it was outperformed by 87.46% 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) | 43.88 | NEUTRAL | The RSI value for PEN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests PEN.OL has a positive trend. |
| Stochastics (14,3) | 39.74 | NEUTRAL | The Stochastics value for PEN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for PEN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.28 | NEGATIVE | The low ADX value for PEN.OL suggests a weak or negative trend. |
OSL:PEN (11/11/2025, 4:17:05 PM)
21.3
+0.3 (+1.43%)
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 43.8796. 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 21.28 and a resistance level at 21.45. Check the full technical report for our detailed analysis of PEN.OL support and resistance levels.