Pampa Energia SA stock trades under the ticker PAM & has shown recent bullishness that investors & traders should take a closer look at.
PAM stock closed at $18.74/share on 12/2/2021, and is a member of the Conventional Electricity industry.
Pampa Energia SA PAM Stock’s Technicals Broken Down
PAM Stock: $18.74
10 Day Moving Average: $17.52
50 Day Moving Average: $18.39
200 Day Moving Average: $16.17
RSI: 55.9
MACD: -0.293
Yesterday, PAM stock completed a bullish MACD crossover on above average trading volume for the year.
They also bullishly broke out over their 50 day moving average, with the 10 day moving average ~5% in tow.
This will add additional upwards momentum in the near-term & there is more room to run with a neutral RSI of 55.9.
The $19 & $19.90 price level are the next tests of resistance for PAM stock.
Pampa Energia SA PAM Stock As A Long-Term Investment
Long-term investors will like PAM stock’s valuation metrics, with a P/E (ttm) of 2.43 & a P/B of 0.54.
Their Quarterly Revenue Growth was 97.7%, although they do not offer a dividend yield.
Their balance sheet is a bit concerning though, with Total Cash (mrq) of $50.06B & Total Debt (mrq) of $142.1B.
12% of PAM stock’s total share float is held by institutional investors.
Pampa Energia SA PAM Stock As A Short-Term Investment
Short-term oriented traders can take advantage of PAM stock’s current momentum by trading options.
I am looking at the 12/17 expiration dated contracts.
The $17.50 calls look appealing, as do the $20’s, although they are very illiquid with just over 100 contracts between both strike prices.
There is limited open interest in puts, with most of the liquidity being in out-of-the-money contracts.
Tying It All Together
Overall, Pampa Energia SA stock has some interesting opportunities for traders & investors.
Traders will enjoy their current momentum in the short-term.
Investors will like their valuation metrics, although their balance sheet is questionable & they do not pay a dividend yield.
It is still worthwhile to take a closer look at PAM stock to see if it fits into your portfolio’s strategy.
*** I DO NOT OWN SHARES OF PAM STOCK ***