PENN ENTERTAINMENT INC (PENN) Technical Analysis
NASDAQ:PENN • US7075691094
Current stock price
14.66 USD
-0.11 (-0.74%)
At close:
14.7 USD
+0.04 (+0.27%)
After Hours:
PENN Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to PENN. PENN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- PENN has an average volume of 4502110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, PENN turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
- PENN is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, PENN did better than 58% of them.
- PENN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PENN is lagging the market slightly.
- In the last month PENN has a been trading in the 13.59 - 15.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PENN Weekly and Daily overview Charts
PENN Setup Rating and Analysis
Although the technical rating is only medium, PENN does present a nice setup opportunity. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
PENN Support and Resistance Analysis
13.52
18.23
We found 2 important support areas.
- A support zone ranging from 14.28 to 14.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.66 to 13.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @14.92 from a trend line in the daily time frame.
- A resistance zone ranging from 15.65 to 15.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.05 from a trend line in the weekly time frame.
PENN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for PENN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PENN is neutral. |
| ChartMill Relative Strength | 44.73 | NEUTRAL | PENN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PENN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PENN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PENN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.49 | NEUTRAL | The RSI value for PENN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PENN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.62 | NEUTRAL | The Stochastics value for PENN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.79 | MEDIUM VOLATILITY | The ATR as a percentage value for PENN suggests some volalility. |
| Average Directional Index/ADX (14) | 10.95 | NEGATIVE | The low ADX value for PENN suggests a weak or negative trend. |
PENN Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
PENN Technicals: Chart, Performance Metrics, Trend & Indicators
14.66
-0.11 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.74%
1 Week6.46%
2 Weeks7.24%
1 Month0.14%
3 Month1.59%
6 Month-9.73%
12 Month2.3%
2 Year-11.37%
3 Year-50.79%
5 Year-83.55%
10 Year-9.11%
15 Year-63.36%
Volatility
ATR(14)0.67
ATR(20)%4.79%
ATR Inc-0.23%
Range Today0.48
ADR(20)0.67
ADR(20)%4.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.73
3 months CRS74.87
6 months CRS28.88
Mansfield-1.06
10 Day High15.27
10 Day Low13.65
20 Day High15.27
20 Day Low13.59
52 Week High20.61
52 Week Low11.65
CS1 End14.54
CR1 Start14.92
Volume & EV
DER(3)0.91%
DER(5)2.56%
Volume2.95M
Volume Incr-5.83%
Vol(5)3.79M
Vol(50)4.50M
PENN ENTERTAINMENT INC / PENN TA FAQ
What is the technical rating for PENN stock?
ChartMill assigns a technical rating of 5 / 10 to PENN.
Can you provide the trend direction for PENN ENTERTAINMENT INC?
The current trend direction for PENN ENTERTAINMENT INC (PENN) is Bearish.
Can you provide the RSI signal for PENN ENTERTAINMENT INC?
PENN ENTERTAINMENT INC (PENN) has an RSI value of 53.4858. This indicates that the stock is currently neutral.
What is the short term momentum for PENN stock?
The short term momentum for PENN ENTERTAINMENT INC (PENN) is neutral.
What is the support and resistance level for PENN stock?
PENN ENTERTAINMENT INC (PENN) has a support level at 14.54 and a resistance level at 14.92. Check the full technical report for our detailed analysis of PENN support and resistance levels.