Following these proceedings, Wolfe Research upgraded its Plains GP Holdings LP [PAGP] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal weight”. Morgan Stanley also remained covering PAGP and has decreased its forecast on October 25, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating.
Price Performance Review of PAGP
On Monday, Plains GP Holdings LP [NASDAQ:PAGP] saw its stock jump 3.83% to $18.42. Over the last five days, the stock has gained 6.84%. Plains GP Holdings LP shares have risen nearly 0.22% since the year began. Nevertheless, the stocks have fallen -0.54% over the past one year. While a 52-week high of $22.31 was reached on 01/22/25, a 52-week low of $16.60 was recorded on 04/09/25. SMA at 50 days reached $19.69, while 200 days put it at $19.37.
Levels Of Support And Resistance For PAGP Stock
The 24-hour chart illustrates a support level at 18.07, which if violated will result in even more drops to 17.73. On the upside, there is a resistance level at 18.64. A further resistance level may holdings at 18.86. The Relative Strength Index (RSI) on the 14-day chart is 47.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.31%. Stochastics %K at 45.41% indicates the stock is a holding.
