PANORO ENERGY ASA (PEN.OL) Stock Technical Analysis
Europe • Euronext Oslo • OSL:PEN • NO0010564701
Taking everything into account, PEN scores 5 out of 10 in our technical rating. In the past year, PEN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 83% of all other stocks performed better in the past year than PEN.
- PEN is part of the Oil, Gas & Consumable Fuels industry. There are 73 other stocks in this industry, of which 61% are performing better 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.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month PEN has a been trading in the 19.12 - 22.25 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, PEN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 22.01. Right above this resistance zone may be a good entry point.
More info and screens
18.83
We found 1 important support area.
- A support zone ranging from 19.02 to 19.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 22.01 to 22.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.40 from a trend line in the weekly time frame.
- Resistance @25.55 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for PEN.OL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PEN.OL is up. |
| ChartMill Relative Strength | 17.44 | NEGATIVE | PEN.OL has a low relative strength, it was outperformed by 82.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PEN.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PEN.OL is above the rising 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) | 64.99 | NEUTRAL | The RSI value for PEN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests PEN.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.92 | OVERBOUGHT | The high Stochastics value suggests PEN.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for PEN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.56 | POSITIVE | The high ADX value value for PEN.OL suggests a strong trend. |
OSL:PEN (2/6/2026, 7:00:00 PM)
22
0 (0%)
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 5 / 10 to PEN.OL.
What is the current trend direction of PANORO ENERGY ASA (PEN.OL) stock?
The current trend direction for PANORO ENERGY ASA (PEN.OL) is Bearish.
Can you provide the RSI signal for PANORO ENERGY ASA?
PANORO ENERGY ASA (PEN.OL) has an RSI value of 64.9881. This indicates that the stock is currently neutral.
What is the MACD signal for PEN stock?
The MACD indicator for PANORO ENERGY ASA (PEN.OL) has a value of 0.112971, indicating a bearish trend.