PENN ENTERTAINMENT INC (PENN) Stock Technical Analysis
NASDAQ:PENN - US7075691094 - Common Stock
19.97 USD
-0.26 (-1.29%)
19.8 USD
-0.17 (-0.85%)
Overall PENN gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PENN is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month PENN has a been trading in the 16.47 - 20.36 range, which is quite wide. It is currently trading near the high of this range.
PENN has an average volume of 4001010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that PENN is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
PENN is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 66% of 134 stocks in the same industry.
PENN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PENN is lagging the market.
Although PENN has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
15.62
21.34
We found 4 important support areas.
- A support zone ranging from 18.31 to 18.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.81 from a trend line in the weekly time frame.
- Support @17.51 from a trend line in the daily time frame.
- Support @15.78 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @21.13 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 | UP | POSITIVE | The long term trend for PENN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PENN is up. |
| ChartMill Relative Strength | 78.83 | POSITIVE | PENN has a high relative strength, it outperformed 78.83% 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) | UP | POSITIVE | The current price of PENN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PENN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.13 | NEUTRAL | The RSI value for PENN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests PENN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.95 | OVERBOUGHT | The high Stochastics value suggests PENN may be overbought. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for PENN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.06 | 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)
19.97
-0.26 (-1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1.29%
1 Week0.45%
2 Weeks6.93%
1 Month13.14%
3 Month28.09%
6 Month9.25%
12 Month10.51%
2 Year-12.98%
3 Year-27.41%
5 Year-72.53%
10 Year19.01%
15 Year-32.56%
Volatility
ATR(14)0.57
ATR(20)%3.04%
ATR Inc-25.3%
Range Today0.41
ADR(20)0.58
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.83
Mansfield-0.02
10 Day High20.36
10 Day Low18.2
20 Day High20.36
20 Day Low16.47
52 Week High23.08
52 Week Low13.25
CS1 End18.52
CR1 Start21.13
Volume & EV
DER(3)2.61%
DER(5)2.13%
Volume2.44M
Volume Incr-28.7%
Vol(5)2.80M
Vol(50)4.00M