While this happened, Wolfe Research upgraded its Plains All American Pipeline LP [PAA] rating to an Outperform from a a Peer perform in a research note published recently. Wells Fargo also remained covering PAA and has decreased its forecast on December 18, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Morgan Stanley revised its rating on October 25, 2024. It rated PAA as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of PAA
On Friday, Plains All American Pipeline LP [NASDAQ:PAA] saw its stock jump 0.44% to $18.28. Over the last five days, the stock has gained 3.04%. Plains All American Pipeline LP shares have risen nearly 7.03% since the year began. Nevertheless, the stocks have risen 1.27% over the past one year. While a 52-week high of $21.00 was reached on 01/22/25, a 52-week low of $15.57 was recorded on 04/09/25. SMA at 50 days reached $19.13, while 200 days put it at $18.26.
Levels Of Support And Resistance For PAA Stock
The 24-hour chart illustrates a support level at 18.10, which if violated will result in even more drops to 17.93. On the upside, there is a resistance level at 18.37. A further resistance level may holdings at 18.47. The Relative Strength Index (RSI) on the 14-day chart is 50.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.37%. Stochastics %K at 76.82% 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 2025-04-15, dropping by -2.35 million shares to a total of 9.59 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 11.94 million shares. There was a decline of -24.46%, which implies that there is a negative sentiment for the stock.
