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Penn National Gaming Stock Forecast NASDAQ:PENN

$75.55 (-2.49%)

Volume: 4M

Closed: September 28, 2021

Score: -5.204

Penn National Gaming Stock Forecast

$75.55 (-2.49%)

Volume: 4M

Closed: September 28, 2021

Score -5.204
Which way will PENN go? Request
Stop-loss: $5.82 (-4.69%)
Key Stats
P/E Ratio 8.46
Beta 0.71
Trailing Dividend Rate 3.67% ($0.23)
Next Dividend Date September 29, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 37 and the stock is currently not being overbought or oversold

Evaluation of Penn National Gaming stock downgraded after the last trading session.
(Updated on September 28, 2021)


Sell candidate since 2021-09-28

The Penn National Gaming stock price fell by -2.49% on the last day (Tuesday, 28th Sep 2021) from $77.48 to $75.55. During the day the stock fluctuated 4.05% from a day low at $74.61 to a day high of $77.63. The price has been going up and down for this period, and there has been a 0.64% gain for the last 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $285.01 million.

The stock lies in the middle of a very wide and weak 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 9.48% during the next 3 months and, with a 90% probability hold a price between $74.77 and $94.84 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Penn National Gaming stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $75.66. On a fall, the stock will find some support from the short-term average at $74.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, September 27, 2021, and so far it has fallen -2.49%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss

Penn National Gaming finds support from accumulated volume at $74.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $3.02 between high and low, or 4.05%. For the last week, the stock has had a daily average volatility of 4.16%.

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

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 Hold/Accumulate to a Strong Sell candidate.

Current score: -5.204

Predicted Opening Price for Penn National Gaming of Wednesday, September 29, 2021

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

Fair opening price September 29, 2021 Current price
$75.93 $75.55 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On September 14, 2021 "Wells Fargo & Company" gave "" rating for PENN. The price target was changed from $75.07 to 3.5%.

Volatility and Risk
Daily Average Volatility: 4.16 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.16 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $76.49
Price: $75.55
Support: $74.59

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 78.95 4.50 %
77.80 2.97 %
77.08 2.03 %
Current price: 75.55
Support 74.78 -1.02 %
74.06 -1.97 %
72.91 -3.49 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 80.84 7.00 %
79.92 5.78 %
76.49 1.24 %
Current price 75.55
Support 74.59 -1.27%
72.26 -4.35%
68.25 -9.66%

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About Penn National Gaming

Penn National Gaming Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through East/Midwest, West, and Southern Plains segments. As of December 31, 2015, it operated 27 facilities in 17 jurisdictions, including Florida, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsy... Read more

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