PGS possible outcomeMany investors and analysts say the stock price will reach 20kr this year; this is the possible technical outcome.
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About PGS ASA
Sector
Energy Minerals
Industry
Oil & Gas Production
CEO
Rune Olav Pedersen
Website
pgs.com
Headquarters
Oslo
Employees
900
Founded
1962
ISIN
NO0010199151
PGS ASA provides seismic images and 3D data describing and data processing services. The firm operates through the following segments: Marine Contract, MultiClient and External Imaging. The Marine Contact segment includes management of projects and customer relationships pertaining to seismic data acquires under excusive contracts. The MultiClient segment comprises projects and customer relationships pertaining to seismic data licensed on a non-exclusive basis from the company's data library of seismic surveys. The firm provides its services to oil and gas reserves worldwide. The company was founded in August 1991 and is headquartered in Oslo, Norway.
PGS Short term resistance I believe this resistance will be broken in the next 10 days, after that the technicals for PGS look much better, and an increase in stock price is highly likely.
PGS Support channelMajor support channel for PGS. The company aslo has a great year coming, i belive we will see more than a 100% gain in stock price, we should also see 20kr this year or early 2024.
PGS long term countSee the detailed count also
A bottom may have been reached, now bullish
Correlates with oil and gas back on the menu for Norway and Europe again as per the Russian Ukraine invasion
PGS bullish. Target 10 at start of 2023After correction very long, it seems a bottom may have been reached and a bullish phase has started
From the count a target of 5 will soon be reached and start of 2023, 10 may be reached
There are going to be major pullbacks along the way
Note the pitchforks and fib retracement levels
Note also log
PGS is testing major support level 5.4PGS is testing one of the major support levels @ 5.4kr; on SMA50 daily and the bottom of the rising channel.
Having two important levels make this support even stronger.
The obvious resistance is 10.2 in long term.
Recent Good catalyst news from the company; strong seismic library; rejected TGS off
All in nowMomentum is increasing and touching 0-line soon. RSI level is increasing and touching 50-line soon. Moving averages 50 & 100 also crossing each other upward soon.
PGSO forming a potential Head & Shoulder pattern.CHXEUR:PGSO has been in a huge uptrend since 30th November 2017, soaring over 270% in less than 240 days.
- Now it's in a downtrend, and looks to be forming a H&S formation.
- It broke it's ascending trendline and also failed the recent pullback. (Marked in stapled red)
- Should the price break
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
