PETRONOR E&P ASA (PNOR.OL) Stock Technical Analysis
Europe • Euronext Oslo • OSL:PNOR • NO0012942525
Taking everything into account, PNOR scores 0 out of 10 in our technical rating. PNOR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 77% of all other stocks performed better in the past year than PNOR.
- PNOR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- PNOR is part of the Oil, Gas & Consumable Fuels industry. There are 73 other stocks in this industry, PNOR did better than 43% of them.
- PNOR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PNOR is lagging the market.
- Considerably lower volume is observed in the last couple of days.
PNOR has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
9.81
When analyzing the support we notice one important area.
- A support zone ranging from 9.91 to 10.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.29 to 10.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @11.78 from a trend line in the weekly time frame.
- Resistance @12.11 from a trend 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 PNOR.OL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PNOR.OL is down. |
| ChartMill Relative Strength | 23.06 | NEGATIVE | PNOR.OL has a low relative strength, it was outperformed by 76.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PNOR.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PNOR.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PNOR.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.72 | NEUTRAL | The RSI value for PNOR.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests PNOR.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.11 | OVERSOLD | The low Stochastics value suggests PNOR.OL may be oversold. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for PNOR.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 32.84 | POSITIVE | The high ADX value value for PNOR.OL suggests a strong trend. |
OSL:PNOR (2/6/2026, 9:30:50 AM)
10.19
+0.2 (+2%)
PETRONOR E&P ASA / PNOR.OL FAQ
What is the technical rating for PNOR stock?
ChartMill assigns a technical rating of 0 / 10 to PNOR.OL.
What is the trend direction for PNOR stock?
The current trend direction for PETRONOR E&P ASA (PNOR.OL) is Bearish.
What is the RSI signal for PNOR stock?
PETRONOR E&P ASA (PNOR.OL) has an RSI value of 34.7205. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PETRONOR E&P ASA?
The MACD indicator for PETRONOR E&P ASA (PNOR.OL) has a value of -0.168511, indicating a bearish trend.