PENN ENTERTAINMENT INC (PENN) Technical Analysis
NASDAQ:PENN • US7075691094
Current stock price
PENN Technical Rating and Analysis
Overall PENN gets a technical rating of 5 out of 10. In the last year, PENN was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- PENN has an average volume of 4567800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, PENN outperforms 42% of them, which is more or less in line with the market.
- PENN is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 55% 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.
- In the last month PENN has a been trading in the 13.59 - 15.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 14.67, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
13.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.22 to 14.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.66 to 13.85. 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 @14.95 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 @18.13 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 | NEUTRAL | NEUTRAL | The short term trend for PENN is neutral. |
| ChartMill Relative Strength | 42.6 | NEUTRAL | PENN is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of PENN is above the rising 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) | 54.63 | NEUTRAL | The RSI value for PENN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PENN has a positive trend. |
| Stochastics (14,3) | 79.96 | NEUTRAL | The Stochastics value for PENN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for PENN suggests some volalility. |
| Average Directional Index/ADX (14) | 11.46 | 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
14.77
-0.23 (-1.53%)
PENN ENTERTAINMENT INC / PENN TA FAQ
What is the technical rating for PENN stock?
ChartMill assigns a technical rating of 5 / 10 to PENN.
Can you provide the trend direction for PENN ENTERTAINMENT INC?
The current trend direction for PENN ENTERTAINMENT INC (PENN) is Bearish.
Can you provide the RSI signal for PENN ENTERTAINMENT INC?
PENN ENTERTAINMENT INC (PENN) has an RSI value of 54.6329. This indicates that the stock is currently neutral.
What is the short term momentum for PENN stock?
The short term momentum for PENN ENTERTAINMENT INC (PENN) is neutral.
What is the support and resistance level for PENN stock?
PENN ENTERTAINMENT INC (PENN) has a support level at 14.67 and a resistance level at 14.95. Check the full technical report for our detailed analysis of PENN support and resistance levels.