PENN ENTERTAINMENT INC. - Daily - Technical analysis published on 08/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 19.69 USD
My targets
18.77 USD (-1.73%)
17.61 USD (-7.80%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 19.69 USD remains possible. It is advisable to trade PENN NATIONAL GAMING INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 19.69 USD. The next bearish objective for sellers is set at 18.77 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 17.61 USD. In case of crossing, the next objective would be the support located at 14.27 USD. PS: if there is a bullish break in the resistance located at 19.69 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PENN NATIONAL GAMING INC. rating 19.10 USD. On the day, this instrument lost -2.15% with the lowest point at 18.61 USD and the highest point at 21.16 USD. The deviation from the price is +2.63% for the low point and -9.74% for the high point.18.61
21.16
19.10
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of PENN NATIONAL GAMING INC. in Daily shows an overall bearish trend. 75% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Dark cloud cover
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.27 | 17.61 | 18.77 | 19.10 | 19.69 | 22.07 | 25.84 |
| Change (%) | -25.29% | -7.80% | -1.73% | - | +3.09% | +15.55% | +35.29% |
| Change | -4.83 | -1.49 | -0.33 | - | +0.59 | +2.97 | +6.74 |
| Level | Major | Major | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.41 | 18.81 | 19.16 | 19.56 | 19.91 | 20.31 | 20.66 |
| Camarilla | 19.31 | 19.38 | 19.45 | 19.52 | 19.59 | 19.66 | 19.73 |
| Woodie | 18.40 | 18.80 | 19.15 | 19.55 | 19.90 | 20.30 | 20.65 |
| Fibonacci | 18.81 | 19.09 | 19.27 | 19.56 | 19.84 | 20.02 | 20.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.97 | 16.73 | 18.11 | 18.88 | 20.26 | 21.02 | 22.40 |
| Camarilla | 18.90 | 19.10 | 19.29 | 19.49 | 19.69 | 19.88 | 20.08 |
| Woodie | 16.27 | 16.89 | 18.42 | 19.03 | 20.56 | 21.18 | 22.71 |
| Fibonacci | 16.73 | 17.55 | 18.06 | 18.88 | 19.70 | 20.20 | 21.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.58 | 16.54 | 18.03 | 18.99 | 20.48 | 21.44 | 22.93 |
| Camarilla | 18.85 | 19.07 | 19.30 | 19.52 | 19.75 | 19.97 | 20.19 |
| Woodie | 15.85 | 16.67 | 18.30 | 19.12 | 20.75 | 21.57 | 23.20 |
| Fibonacci | 16.54 | 17.48 | 18.05 | 18.99 | 19.93 | 20.50 | 21.44 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.66 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 12.47 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 18.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.30 | |
| Elder Ray (13): | 0.83 | |
| Super Trend (3,10): | 17.39 | |
| Zig ZAG (10): | 19.10 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 75.39 | |
| TEMA (21): | 19.26 | |
| Williams %R (14): | -56.28 | |
| Chande Momentum Oscillator (20): | 0.29 | |
| Repulse (5,40,3): | -8.7700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 5.79 |
| MA7: | 19.35 | |
| MA20: | 18.82 | |
| MA50: | 19.23 | |
| MA100: | 20.09 | |
| MAexp7: | 19.23 | |
| MAexp20: | 19.01 | |
| MAexp50: | 19.35 | |
| MAexp100: | 20.27 | |
| Price / MA7: | -1.29% | |
| Price / MA20: | +1.49% | |
| Price / MA50: | -0.68% | |
| Price / MA100: | -4.93% | |
| Price / MAexp7: | -0.68% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | -1.29% | |
| Price / MAexp100: | -5.77% |
News
The latest news and videos published on PENN NATIONAL GAMING INC. at the time of the analysis were as follows:
- The Stars Group and Penn National Gaming Enter Agreement for Online Betting and Gaming Market Access
- The Stars Group and Penn National Gaming Enter Agreement for Online Betting and Gaming Market Access
- The Stars Group and Penn National Gaming Enter Agreement for Online Betting and Gaming Market Access
- Interblock Announces Corporate Partnership Agreement With Penn National Gaming Including Installations at Over 20 Properties
- Penn National Gaming Reports Record Fourth Quarter Net Revenues of $1.155 Billion and Operating Income of $124.4 Million
This member declared not having a position on this financial instrument or a related financial instrument.
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