RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PENN
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Penn National Gaming stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Jul 19, 2024)

Sell candidate since Jul 19, 2024 PDF

The Penn National Gaming stock price fell by -0.269% on the last day (Friday, 19th Jul 2024) from $18.57 to $18.52. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.16% from a day low at $18.03 to a day high of $18.60. The price has fallen in 6 of the last 10 days and is down by -5.61% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 3 million shares were bought and sold for approximately $53.83 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.79% during the next 3 months and, with a 90% probability hold a price between $21.45 and $26.66 at the end of this 3-month period.

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PENN Signals & Forecast

There are few to no technical positive signals at the moment. The Penn National Gaming stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $19.66 and $18.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, July 11, 2024, and so far it has fallen -10.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Penn National Gaming stock

On the downside, the stock finds support just below today's level from accumulated volume at $17.50 and $17.33. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Penn National Gaming finds support just below today's level at $17.50. If this is broken, then the next support from accumulated volume will be at $17.33 and $15.00.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.570 between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 5.07%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PENN) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Penn National Gaming to open at $18.38, and during the day (based on 14 day Average True Range), to move between $17.59 and $19.45, which gives a possible trading interval of +/-$0.93 (+/-5.02%) up or down from last closing price. If Penn National Gaming takes out the full calculated possible swing range there will be an estimated 10.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $18.55 (0.16%) than the support at $17.50 (5.51%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Penn National Gaming stock A Buy?

The Penn National Gaming stock holds several negative signals and despite the positive trend, we believe Penn National Gaming will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -3.120 Sell Candidate Downgraded

Predicted Opening Price for Penn National Gaming of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$18.38 ( 0.738%) $18.52

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PENN

Fibonacci Support & Resistance Levels

Level Price
R3 18.95 2.34%
R2 18.74 1.16%
R1 18.60 0.438%
Price 18.52
S1 18.17 -1.91%
S2 18.03 -2.64%
S3 17.81 -3.82%

Accumulated Volume Support & Resistance Levels

Level Price
R3 20.04 8.21%
R2 19.83 7.07%
R1 18.55 0.162%
Price 18.52
S1 17.50 -5.51%
S2 17.33 -6.43%
S3 15.00 -19.01%

PENN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 14, 2017 Jun 14, 2017 Jun 14, 2017 $0.620 2.86%
2 Mar 09, 2017 Mar 09, 2017 Mar 09, 2017 $0.620 4.25%
3 Jun 26, 2008 Jun 26, 2008 Jul 15, 2008 $0.340 6.01%

FAQ

What is the symbol for Penn National Gaming Stock and on which exchange is it traded?
The symbol for Penn National Gaming is PENN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Penn National Gaming Stock?
The Penn National Gaming stock holds several negative signals and despite the positive trend, we believe Penn National Gaming will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy Penn National Gaming Stock?
Penn National Gaming Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Penn National Gaming Stock.

What's the current price of Penn National Gaming Stock?
As of the end of day on the Jul 19, 2024, the price of an Penn National Gaming (PENN) share was $18.52.

What is the 52-week high and low for Penn National Gaming Stock?
The 52-week high for Penn National Gaming Stock is $29.30 and the 52-week low is $13.50.

What is the market capitalization of Penn National Gaming Stock?
As of the Jul 19, 2024, the market capitalization of Penn National Gaming is 2.823B.

When is the next earnings date for Penn National Gaming?
The upcoming earnings date for Penn National Gaming is Aug 08, 2024.
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About Penn National Gaming

Penn National Gaming Penn National Gaming, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates 44 properties in 20 states, online sports betting in 13 jurisdictions, and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and t... PENN Profile

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