PANORO ENERGY ASA (PEN.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:PEN - NO0010564701 - Common Stock
19.1 NOK
-0.18 (-0.93%)
Overall PEN gets a technical rating of 0 out of 10. 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: 91% of all stocks are doing better.
PEN is part of the Oil, Gas & Consumable Fuels industry. There are 69 other stocks in this industry, of which 72% are performing better than PEN.
PEN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month PEN has a been trading in the 18.84 - 22.35 range, which is quite wide. It is currently trading near the lows of this range.
PEN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
18.91
26.06
5 important resistance areas can be observed.
- A resistance zone ranging from 20.30 to 20.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 21.18 to 21.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.04 to 23.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.79 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 | 9.38 | NEGATIVE | PEN.OL has a low relative strength, it was outperformed by 90.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PEN.OL is below 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) | 32.14 | NEUTRAL | The RSI value for PEN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests PEN.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.12 | OVERSOLD | The low Stochastics value suggests PEN.OL may be oversold. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for PEN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.97 | NEUTRAL | The ADX value for PEN.OL suggests a possible start of a new 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 (12/2/2025, 7:00:00 PM)
19.1
-0.18 (-0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.93%
1 Week-0.52%
2 Weeks-5.38%
1 Month-11.09%
3 Month-17.41%
6 Month-20.83%
12 Month-28.24%
2 Year-29.14%
3 Year-31.72%
5 Year23.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%3.14%
ATR Inc-38.97%
Range Today0.4
ADR(20)0.56
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.38
3 months CRS7.82
6 months CRS10.14
Mansfield-2.98
10 Day High20.8
10 Day Low18.84
20 Day High22.35
20 Day Low18.84
52 Week High32
52 Week Low18.84
CS1 EndN/A
CR1 Start20.3
Volume & EV
DER(3)-1.54%
DER(5)-1.79%
Volume343.17K
Volume Incr-30.98%
Vol(5)333.50K
Vol(50)460.52K
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 32.1438. 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 resistance level at 20.3. Check the full technical report for our detailed analysis of PEN.OL support and resistance levels.