Logo image of PEN.OL

PANORO ENERGY ASA (PEN.OL) Stock Technical Analysis

OSL:PEN - Euronext Oslo - NO0010564701 - Common Stock - Currency: NOK

24  +0.1 (+0.42%)

Technical Rating and Analysis

1

Overall PEN gets a technical rating of 1 out of 10. 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.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
86% 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. 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 - 24.10 range, which is quite wide. It is currently trading near the high of this range.
PEN is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 41% of 61 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
PANORO ENERGY ASA / PEN Weekly stock chart
PANORO ENERGY ASA / PEN Daily stock chart
Setup Rating and Analysis

6

PEN has a poor technical rating and the quality of the setup is also only medium 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.

Support and Resistance Analysis

22.13

27.00

2 important support areas can be observed.

  • A support zone ranging from 22.74 to 23.27. 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.

4 important resistance areas can be observed.

  • A resistance zone ranging from 24.01 to 24.34. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
  • Resistance @24.75 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.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for PEN.OL is down.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for PEN.OL is neutral.
ChartMill Relative Strength14.31NEGATIVEPEN.OL has a low relative strength, it was outperformed by 85.69% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of PEN.OL is above the rising SMA(20).
Simple Moving Average/SMA (50)DOWNMIXEDThe current price of PEN.OL is above a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of PEN.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)55.86NEUTRALThe RSI value for PEN.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.14POSITIVEThe MACD value suggests PEN.OL has a positive trend.
Stochastics (14,3)66.67NEUTRALThe Stochastics value for PEN.OL is a neutral value.
Average True Range in percent/ATR (20)2.1MEDIUM VOLATILITYThe ATR as a percentage value for PEN.OL suggests some volalility.
Average Directional Index/ADX (14)15.13NEGATIVEThe low ADX value for PEN.OL suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
PANORO ENERGY ASA / PEN Daily stock chart

PANORO ENERGY ASA

OSL:PEN (7/25/2025, 3:49:31 PM)

24

+0.1 (+0.42%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.42%
1 Week3.46%
2 Weeks5.05%
1 Month5.52%
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)0.56
ATR(20)%2.1%
ATR Inc-2.65%
Range Today0.5
ADR(20)0.48
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.31
Mansfield-1.79
10 Day High24.1
10 Day Low22.7
20 Day High24.1
20 Day Low22.3
52 Week High33.4
52 Week Low21.05
CS1 End23.27
CR1 Start23.95
Volume & EV
DER(3)0.87%
DER(5)0.2%
Volume50.65K
Volume Incr-47.62%
Vol(5)193.02K
Vol(50)316.99K