Taking this into account, Wells Fargo downgraded its Plains All American Pipeline LP [PAA] rating to an Equal weight from a an Overweight in a research note published on December 18, 2024; the price target was decreased to $20 from $22. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late October from “an Overweight” to “an Equal-weight”.
Price Performance Review of PAA
On Tuesday, Plains All American Pipeline LP [NASDAQ:PAA] saw its stock jump 0.28% to $17.63. Over the last five days, the stock has gained 4.75%. Plains All American Pipeline LP shares have risen nearly 3.22% since the year began. Nevertheless, the stocks have risen 14.55% over the past one year. While a 52-week high of $19.17 was reached on 01/07/25, a 52-week low of $15.02 was recorded on 01/02/25. SMA at 50 days reached $17.40, while 200 days put it at $17.58.
Levels Of Support And Resistance For PAA Stock
The 24-hour chart illustrates a support level at 17.55, which if violated will result in even more drops to 17.47. On the upside, there is a resistance level at 17.75. A further resistance level may holdings at 17.87. The Relative Strength Index (RSI) on the 14-day chart is 55.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.70%. Stochastics %K at 73.55% 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 2024-12-13, dropping by 48607.0 shares to a total of 10.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 10.66 million shares. There was a decline of -0.46%, which implies that there is a negative sentiment for the stock.
