PENN ENTERTAINMENT INC (PENN) Technical Analysis
NASDAQ:PENN • US7075691094
Current stock price
PENN Technical Rating and Analysis
Taking everything into account, PENN scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. PENN was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, PENN is a bad performer in the overall market: 75% of all stocks are doing better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month PENN has a been trading in the 11.65 - 15.80 range, which is quite wide. It is currently trading near the high of this range.
- PENN has an average volume of 4658870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PENN is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 51% of 126 stocks in the same industry.
- 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.
PENN Weekly and Daily overview Charts
PENN Setup Rating and Analysis
PENN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 14.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PENN in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
14.13
When analyzing the support we notice one important area.
- A support zone ranging from 14.27 to 14.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @15.24 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 @18.37 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 | NEUTRAL | NEUTRAL | The long term trend for PENN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PENN is up. |
| ChartMill Relative Strength | 25.68 | NEGATIVE | PENN has a low relative strength, it was outperformed by 74.32% off all stocks 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) | DOWN | MIXED | The current price of PENN is above a declining 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) | 51.58 | 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) | 67.92 | NEUTRAL | The Stochastics value for PENN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.35 | HIGH VOLATILITY | The high ATR as a percentage value for PENN suggests high volalility. |
| Average Directional Index/ADX (14) | 13.38 | NEGATIVE | The low ADX value for PENN suggests a weak or negative trend. |
PENN Chart- and CandleStick Pattern Analysis
PENN Technicals: Chart, Performance Metrics, Trend & Indicators
14.31
-0.22 (-1.51%)
PENN ENTERTAINMENT INC / PENN TA FAQ
What is the technical rating for PENN stock?
ChartMill assigns a technical rating of 4 / 10 to PENN.
Can you provide the trend direction for PENN ENTERTAINMENT INC?
The current trend direction for PENN ENTERTAINMENT INC (PENN) is Bearish.
What is the RSI signal for PENN ENTERTAINMENT INC (PENN) stock?
PENN ENTERTAINMENT INC (PENN) has an RSI value of 51.5754. This indicates that the stock is currently neutral.
What is the MACD signal for PENN ENTERTAINMENT INC (PENN) stock?
The MACD indicator for PENN ENTERTAINMENT INC (PENN) has a value of 0.0287163, indicating a bearish trend.