PANORO ENERGY ASA (PEN.OL) Stock Technical Analysis
OSL:PEN - Euronext Oslo - NO0010564701 - Common Stock - Currency: NOK
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.
When comparing the yearly performance of all stocks, PEN is a bad performer in the overall market: 89% of all stocks are doing better.
PEN is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 63% of 59 stocks in the same industry do better.
PEN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PEN is lagging the market.
In the last month PEN has a been trading in the 22.20 - 25.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, PEN does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
23.15
28.24
We found 1 important support area.
- Support @23.38 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.11 to 25.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @27.96 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 | NEUTRAL | NEUTRAL | The short term trend for PEN.OL is neutral. |
| ChartMill Relative Strength | 11.37 | NEGATIVE | PEN.OL has a low relative strength, it was outperformed by 88.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PEN.OL is below 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) | 49.85 | NEUTRAL | The RSI value for PEN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PEN.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.79 | NEUTRAL | The Stochastics value for PEN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for PEN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.02 | 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 (5/30/2025, 7:00:00 PM)
24.05
-0.95 (-3.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.8%
1 Week1.04%
2 Weeks-2.42%
1 Month6.37%
3 Month-11.52%
6 Month-9.19%
12 Month-32.78%
2 Year-4.35%
3 Year-24.94%
5 Year168%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%3.37%
ATR Inc11.64%
Range Today1.05
ADR(20)0.73
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.37
Mansfield-1.68
10 Day High25.75
10 Day Low23.5
20 Day High25.75
20 Day Low22.2
52 Week High37.15
52 Week Low21.05
CS1 End23.38
CR1 Start24.11
Volume & EV
DER(3)0.8%
DER(5)0.39%
Volume525.62K
Volume Incr-42.99%
Vol(5)167.02K
Vol(50)367.74K