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PENN ENTERTAINMENT INC.
PENN ENTERTAINMENT INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: PENN
ISIN:

PENN ENTERTAINMENT INC. - Daily - Technical analysis published on 01/03/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 24.66 USD
My targets
28.77 USD (+10.05%)
30.95 USD (+18.40%)
My analysis
The bullish trend is currently very strong on PENN NATIONAL GAMING INC.. As long as the price remains above the support at 24.66 USD, you could try to benefit from the boom. The first bullish objective is located at 28.77 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 30.95 USD as an objective. Crossing it would then enable buyers to target 33.01 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The PENN NATIONAL GAMING INC. rating is 26.14 USD. The price has increased by +2.27% since the last closing and was traded between 25.62 USD and 26.15 USD over the period. The price is currently at +2.03% from its lowest and -0.04% from its highest.

25.62
26.15
26.14

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of PENN NATIONAL GAMING INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 19.50 22.06 25.84 26.14 30.95 33.01 36.59
Change (%) -25.40% -15.61% -1.15% - +18.40% +26.28% +39.98%
Change -6.64 -4.08 -0.30 - +4.81 +6.87 +10.45
Level Intermediate Major Major - Minor Intermediate Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.9025.1125.3425.5525.7725.9826.21
Camarilla25.4425.4825.5225.5625.6025.6425.68
Woodie24.9125.1225.3425.5525.7825.9926.21
Fibonacci25.1125.2825.3825.5525.7225.8225.98


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.5424.9025.2925.6526.0426.4026.79
Camarilla25.4825.5525.6225.6925.7625.8325.90
Woodie24.5724.9125.3225.6626.0726.4126.82
Fibonacci24.9025.1825.3625.6525.9326.1126.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.9420.5523.0524.6627.1628.7731.27
Camarilla24.4324.8125.1825.5625.9426.3126.69
Woodie19.4020.7723.5124.8827.6228.9931.73
Fibonacci20.5522.1223.0924.6626.2327.2028.77

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 67.93
MACD (12,26,9): 0.8500
Directional Movement: 16.44
AROON (14): 42.86
DEMA (21): 26.10
Parabolic SAR (0,02-0,02-0,2): 26.22
Elder Ray (13): 0.51
Super Trend (3,10): 24.27
Zig ZAG (10): 26.14
VORTEX (21): 1.1700
Stochastique (14,3,5): 79.41
TEMA (21): 26.20
Williams %R (14): -5.85
Chande Momentum Oscillator (20): 1.17
Repulse (5,40,3): 1.5500
ROCnROLL: 1
TRIX (15,9): 0.5500
Courbe Coppock: 16.13
MA7: 25.71
MA20: 24.87
MA50: 23.19
MA100: 21.14
MAexp7: 25.69
MAexp20: 24.95
MAexp50: 23.42
MAexp100: 22.08
Price / MA7: +1.67%
Price / MA20: +5.11%
Price / MA50: +12.72%
Price / MA100: +23.65%
Price / MAexp7: +1.75%
Price / MAexp20: +4.77%
Price / MAexp50: +11.61%
Price / MAexp100: +18.39%

News


Don"t forget to follow the news on PENN NATIONAL GAMING INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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