Company Overview: Paladin Energy Limited (ASX: PDN) is an Australia-based uranium producer engaged in the development, exploration, evaluation, and operation of uranium mining projects across key global jurisdictions, including Australia, Canada, and Namibia. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

Recent Updates

Paladin to Defend PLS Approval as MN–S Challenges Consultation Process: Paladin Energy Ltd has been notified that the Métis Nation–Saskatchewan (MN–S) has filed a judicial review in the Saskatchewan Court of King’s Bench, challenging the 19 February 2026 approval of the Company’s Environmental Impact Statement for the Patterson Lake South Project.

The application alleges that the Saskatchewan Government did not adequately consult MN–S prior to granting approval and seeks to overturn the decision, along with an interim injunction to pause any project activities until the matter is resolved. Paladin reiterated its commitment to respecting Indigenous rights and highlighted that its subsidiary has engaged in extensive consultations with MN–S over several years, addressing environmental and community concerns. The Company has rejected the allegations and confirmed that it will vigorously defend its position in the proceedings.

PDN’s Technical Analysis:

On the daily chart, PDN continues to trade below its key rising trendline support, signalling a deterioration in price structure and indicating prevailing negative momentum. The 14-period Relative Strength Index (RSI) is currently around 49.08, hovering just below the neutral mark. This suggests a lack of strong bullish momentum while still leaving room for further downside if selling pressure persists. In addition, the price remains below the 50-period Simple Moving Average (SMA), which is acting as a dynamic resistance level and capping upside attempts. On the downside, critical support is located at AUD 10.00, while key resistance is positioned near AUD 13.00, which will be closely watched for any breakout attempt.

Daily Technical Chart – PDN

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest, taking into consideration the risk-reward scenario.

Considering the stock’s current price levels forming higher peaks and higher troughs, and momentum oscillator analysis, a “Watch” recommendation is given on the stock. The stock was analysed as per closing price of AUD 11.470 per share as on 07 April 2026.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: Investment decision should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report.

Note 3: Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

The reference date for all price data, currency, technical indicators, support, and resistance levels is April 07, 2026. The reference data in this report has been partly sourced from REFINITIV.

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

The Green colour line reflects the 21-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 21-period, prices are currently in a bullish trend (Vice – Versa).

The Blue colour line reflects the 50-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 50-period, prices are currently in a bullish trend (Vice – Versa).

The Orange/ Yellow colour line represents the Trendline.

The Purple colour line in the chart’s lower segment reflects the Relative Strength Index (14-Period), which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

Technical Analysis on One ASX-Listed Energy Stock – PDN

Company Overview: Paladin Energy Limited (ASX: PDN) is an Australia-based uranium producer engaged in the development, exploration, evaluation, and operation of uranium mining projects across key global jurisdictions, including Australia, Canada, and Namibia. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.

Recent Updates

Paladin to Defend PLS Approval as MN–S Challenges Consultation Process: Paladin Energy Ltd has been notified that the Métis Nation–Saskatchewan (MN–S) has filed a judicial review in the Saskatchewan Court of King’s Bench, challenging the 19 February 2026 approval of the Company’s Environmental Impact Statement for the Patterson Lake South Project.

The application alleges that the Saskatchewan Government did not adequately consult MN–S prior to granting approval and seeks to overturn the decision, along with an interim injunction to pause any project activities until the matter is resolved. Paladin reiterated its commitment to respecting Indigenous rights and highlighted that its subsidiary has engaged in extensive consultations with MN–S over several years, addressing environmental and community concerns. The Company has rejected the allegations and confirmed that it will vigorously defend its position in the proceedings.

PDN’s Technical Analysis:

On the daily chart, PDN continues to trade below its key rising trendline support, signalling a deterioration in price structure and indicating prevailing negative momentum. The 14-period Relative Strength Index (RSI) is currently around 49.08, hovering just below the neutral mark. This suggests a lack of strong bullish momentum while still leaving room for further downside if selling pressure persists. In addition, the price remains below the 50-period Simple Moving Average (SMA), which is acting as a dynamic resistance level and capping upside attempts. On the downside, critical support is located at AUD 10.00, while key resistance is positioned near AUD 13.00, which will be closely watched for any breakout attempt.

Daily Technical Chart – PDN

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest, taking into consideration the risk-reward scenario.

Considering the stock’s current price levels forming higher peaks and higher troughs, and momentum oscillator analysis, a “Watch” recommendation is given on the stock. The stock was analysed as per closing price of AUD 11.470 per share as on 07 April 2026.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: Investment decision should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report.

Note 3: Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

The reference date for all price data, currency, technical indicators, support, and resistance levels is April 07, 2026. The reference data in this report has been partly sourced from REFINITIV.

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

The Green colour line reflects the 21-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 21-period, prices are currently in a bullish trend (Vice – Versa).

The Blue colour line reflects the 50-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 50-period, prices are currently in a bullish trend (Vice – Versa).

The Orange/ Yellow colour line represents the Trendline.

The Purple colour line in the chart’s lower segment reflects the Relative Strength Index (14-Period), which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.