PENN Technical Analysis - PENN ENTERTAINMENT INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to PENN. 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.

When comparing the yearly performance of all stocks, PENN is a bad performer in the overall market: 78% of all stocks are doing better.

In the last month PENN has a been trading in the 16.20 - 20.04 range, which is quite wide. It is currently trading near the lows of this range.

PENN has an average volume of 3542910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

PENN is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 52% of 135 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PENN ENTERTAINMENT INC / PENN Weekly stock chart

PENN ENTERTAINMENT INC / PENN Daily stock chart

Setup Rating and Analysis

The technical rating of PENN is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

16.08

21.00

We found 1 important support area.

A support zone ranging from 16.24 to 16.24. This zone is formed by a combination of multiple trend lines in multiple time frames.

4 important resistance areas can be observed.

A resistance zone ranging from 18.31 to 18.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @19.26 from a trend line in the daily time frame.
A resistance zone ranging from 20.00 to 20.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @20.79 from a trend line in the weekly time frame.

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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	DOWN	NEGATIVE	The short term trend for PENN is down.
ChartMill Relative Strength	22.8	NEGATIVE	PENN has a low relative strength, it was outperformed by 77.2% 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)	36.12	NEUTRAL	The RSI value for PENN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.28	NEGATIVE	The MACD value suggests PENN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	13.45	OVERSOLD	The low Stochastics value suggests PENN may be oversold.
Average True Range in percent/ATR (20)	3.55	MEDIUM VOLATILITY	The ATR as a percentage value for PENN suggests some volalility.
Average Directional Index/ADX (14)	25.48	POSITIVE	The high ADX value value for PENN suggests a strong trend.