PENN ENTERTAINMENT INC (PENN) Stock Technical Analysis
NASDAQ:PENN • US7075691094
Taking everything into account, PENN scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 86% of all other stocks performed better in the past year than PENN.
- PENN is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 70% are performing better than PENN.
- PENN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month PENN has a been trading in the 11.65 - 14.87 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- PENN has an average volume of 3982850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PENN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
12.89
When analyzing the resistance we notice 4 important areas.
- Resistance @13.43 from a trend line in the daily time frame.
- A resistance zone ranging from 13.86 to 13.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.84 from a horizontal line in the daily time frame.
- Resistance @18.60 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for PENN is down. |
| ChartMill Relative Strength | 14.29 | NEGATIVE | PENN has a low relative strength, it was outperformed by 85.71% 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) | 47.44 | NEUTRAL | The RSI value for PENN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PENN has a positive trend. |
| Stochastics (14,3) | 64.53 | NEUTRAL | The Stochastics value for PENN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for PENN suggests high volalility. |
| Average Directional Index/ADX (14) | 13.94 | NEGATIVE | The low ADX value for PENN suggests a weak or negative trend. |
13.02
-0.31 (-2.33%)
PENN ENTERTAINMENT INC / PENN FAQ
What is the technical rating for PENN stock?
ChartMill assigns a technical rating of 0 / 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 47.4409. 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 0.0490672, indicating a bearish trend.
Can you provide the buy/sell signal for PENN ENTERTAINMENT INC?
The buy/sell signal for PENN ENTERTAINMENT INC (PENN) is sell as both the short term and long term trends are negative.