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 fall -2.95% to $16.44. Over the last five days, the stock has lost -1.14%. Plains All American Pipeline LP shares have fallen nearly -3.75% since the year began. Nevertheless, the stocks have fallen -6.00% 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 $18.49, while 200 days put it at $18.18.
Levels Of Support And Resistance For PAA Stock
The 24-hour chart illustrates a support level at 16.20, which if violated will result in even more drops to 15.97. On the upside, there is a resistance level at 16.82. A further resistance level may holdings at 17.21. The Relative Strength Index (RSI) on the 14-day chart is 38.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.96%. Stochastics %K at 32.52% indicates the stock is a holding.
