PENN ENTERTAINMENT INC (PENN) Stock Technical Analysis
NASDAQ:PENN - Nasdaq - US7075691094 - Common Stock - Currency: USD
Taking everything into account, PENN scores 0 out of 10 in our technical rating. PENN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
78% of all other stocks performed better in the past year than PENN.
PENN is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 64% of 135 stocks in the same industry do better.
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.
PENN has an average volume of 3866630 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 14.09 - 16.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PENN does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
13.60
22.56
When analyzing the support we notice one important area.
- Support @13.74 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 15.43 to 15.70. 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 15.96 to 16.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.96 from a trend line in the weekly time frame.
- Resistance @22.34 from a horizontal line in the daily 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 | 22.52 | NEGATIVE | PENN has a low relative strength, it was outperformed by 77.48% 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) | 46.06 | NEUTRAL | The RSI value for PENN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests PENN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.82 | OVERSOLD | The low Stochastics value suggests PENN may be oversold. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for PENN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.38 | NEGATIVE | The low ADX value for PENN suggests a weak or negative 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)
15.08
+0.42 (+2.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg2.86%
1 Week-5.81%
2 Weeks-3.58%
1 Month-6.63%
3 Month-27.88%
6 Month-26.51%
12 Month-5.93%
2 Year-39.78%
3 Year-52.82%
5 Year-54.04%
10 Year-9.32%
15 Year-41.09%
Volatility
ATR(14)0.65
ATR(20)%4.19%
ATR Inc17.15%
Range Today0.75
ADR(20)0.58
ADR(20)%3.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.52
Mansfield-2.08
10 Day High16.74
10 Day Low14.09
20 Day High16.74
20 Day Low14.09
52 Week High23.08
52 Week Low13.25
CS1 End13.74
CR1 Start15.43
Volume & EV
DER(3)-1.06%
DER(5)0%
Volume4.06M
Volume Incr0.29%
Vol(5)3.77M
Vol(50)3.87M