PENN ENTERTAINMENT INC (PENN) Stock Technical Analysis
USA - NASDAQ:PENN - US7075691094 - Common Stock
14.54 USD
-0.11 (-0.75%)
14.58 USD
+0.04 (+0.28%)
We assign a technical rating of 0 out of 10 to PENN. PENN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
87% of all other stocks performed better in the past year than PENN.
PENN is part of the Hotels, Restaurants & Leisure industry. There are 132 other stocks in this industry, of which 61% are performing better than PENN.
PENN is currently trading in the lower part 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.
In the last month PENN has a been trading in the 14.21 - 18.27 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
PENN has an average volume of 3453130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of PENN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.39
19.97
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 16.23 to 16.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 16.62 to 16.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 17.29 to 17.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.74 to 19.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for PENN is down. |
| ChartMill Relative Strength | 13.37 | NEGATIVE | PENN has a low relative strength, it was outperformed by 86.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PENN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PENN is below 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) | 27.12 | OVERSOLD | The low RSI value suggests PENN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests PENN has a negative trend. |
| Stochastics (14,3) | 10.07 | OVERSOLD | The low Stochastics value suggests PENN may be oversold. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for PENN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.17 | POSITIVE | The high ADX value value for PENN suggests a strong trend. |
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)
14.54
-0.11 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.75%
1 Week-11.66%
2 Weeks-17.95%
1 Month-10.47%
3 Month-14.27%
6 Month-7.03%
12 Month-29.04%
2 Year-40.8%
3 Year-58.68%
5 Year-79.23%
10 Year-8.84%
15 Year-58.59%
Volatility
ATR(14)0.83
ATR(20)%5.28%
ATR Inc259.51%
Range Today0.98
ADR(20)0.73
ADR(20)%5.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.37
3 months CRS13.97
6 months CRS19.17
Mansfield-2.77
10 Day High18.17
10 Day Low14.21
20 Day High18.27
20 Day Low14.21
52 Week High23.08
52 Week Low13.25
CS1 EndN/A
CR1 Start16.23
Volume & EV
DER(3)0.4%
DER(5)0.32%
Volume7.21M
Volume Incr83.59%
Vol(5)5.99M
Vol(50)3.45M
PENN ENTERTAINMENT INC / PENN FAQ
What is the ChartMill technical rating of PENN ENTERTAINMENT INC (PENN) stock?
ChartMill assigns a technical rating of 0 / 10 to PENN.
What is the current trend direction of PENN ENTERTAINMENT INC (PENN) stock?
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 27.1217. This indicates that the stock is currently oversold.
What is the MACD signal for PENN stock?
The MACD indicator for PENN ENTERTAINMENT INC (PENN) has a value of -0.204406, indicating a bearish trend.
What is the short term momentum for PENN ENTERTAINMENT INC (PENN) stock?
The short term momentum for PENN ENTERTAINMENT INC (PENN) is negative.