Overall PENN gets a technical rating of 0 out of 10. 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.
PENN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.79, a Stop Loss order could be placed below this zone.
More info and screens
13.50
When analyzing the support we notice one important area.
- A support zone ranging from 13.64 to 13.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 14.85 to 14.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.27 from a trend line in the daily time frame.
- Resistance @16.23 from a horizontal line in the daily time frame.
- Resistance @19.38 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 | DOWN | NEGATIVE | The short term trend for PENN is down. |
| ChartMill Relative Strength | 10.32 | NEGATIVE | PENN has a low relative strength, it was outperformed by 89.68% 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 | 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) | 44 | NEUTRAL | The RSI value for PENN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests PENN has a positive trend. |
| Stochastics (14,3) | 33.19 | NEUTRAL | The Stochastics value for PENN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for PENN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.86 | NEUTRAL | The ADX value for PENN suggests a possible start of a new trend. |
14.28
+0.27 (+1.93%)
PENN ENTERTAINMENT INC / PENN FAQ
What is the ChartMill technical rating of PENN ENTERTAINMENT INC (PENN) stock?
ChartMill assigns a technical rating of 0 / 10 to PENN.
What is the current trend direction of PENN ENTERTAINMENT INC (PENN) stock?
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 43.9976. This indicates that the stock is currently neutral.
What is the MACD signal for PENN stock?
The MACD indicator for PENN ENTERTAINMENT INC (PENN) has a value of 0.0886242, indicating a bearish trend.
What is the short term momentum for PENN ENTERTAINMENT INC (PENN) stock?
The short term momentum for PENN ENTERTAINMENT INC (PENN) is negative.