As this happened, Morgan Stanley downgraded its Plains All American Pipeline LP [PAA] rating to an Equal-weight from a an Overweight in a research note published on October 25, 2024; the price target was decreased to $19 from $22.
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Price Performance Review of PAA
On Friday, Plains All American Pipeline LP [NASDAQ:PAA] saw its stock fall -1.05% to $17.86. Over the last five days, the stock has lost -1.76%. Plains All American Pipeline LP shares have risen nearly 17.89% since the year began. Nevertheless, the stocks have risen 19.95% over the past one year. While a 52-week high of $19.17 was reached on 07/22/24, a 52-week low of $14.46 was recorded on 02/09/24. SMA at 50 days reached $17.48, while 200 days put it at $17.55.
Levels Of Support And Resistance For PAA Stock
The 24-hour chart illustrates a support level at 17.70, which if violated will result in even more drops to 17.55. On the upside, there is a resistance level at 18.06. A further resistance level may holdings at 18.27. The Relative Strength Index (RSI) on the 14-day chart is 51.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.05%. Stochastics %K at 31.55% indicates the stock is a holding.
How much short interest is there in Plains All American Pipeline LP?
A steep rise in short interest was recorded in Plains All American Pipeline LP stocks on 2024-11-29, growing by 2.1 million shares to a total of 11.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.38 million shares. There was a rise of 18.31%, which implies that there is a positive sentiment for the stock.
