Overall PENN gets a technical rating of 0 out of 10. 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 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.
- When comparing the yearly performance of all stocks, PENN is a bad performer in the overall market: 87% of all stocks are doing better.
- PENN is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 70% of 133 stocks in the same industry do better.
- 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.
- PENN has an average volume of 3647620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PENN has a been trading in the 13.43 - 15.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
PENN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.46, a Stop Loss order could be placed below this zone. 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
13.50
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.18 to 14.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.64 to 13.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.84 to 15.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.91 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 | NEUTRAL | NEUTRAL | The short term trend for PENN is neutral. |
| ChartMill Relative Strength | 13.4 | NEGATIVE | PENN has a low relative strength, it was outperformed by 86.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PENN is above a declining 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) | UP | MIXED | The current price of PENN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.45 | NEUTRAL | The RSI value for PENN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PENN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.18 | NEUTRAL | The Stochastics value for PENN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for PENN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.8 | NEGATIVE | The low ADX value for PENN suggests a weak or negative trend. |
14.53
+0.58 (+4.16%)
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 51.4512. 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 -0.00802967, indicating a bearish trend.