PENN NEWS why is Penn National Gaming, Inc. price falling or rising

PENN NEWS reasons for why stock price of Penn National Gaming, Inc. is falling or rising

PENN Penn National is falling or rising technical reasons

Technical analysis forecast for Penn National Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Penn National PENN at this time. Stock is falling and might fall more.

It appears as if Penn National PENN gave a large move recently.

Stock of Penn National (PENN) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Penn National is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Penn National stays below 16.7, but if it comes above 16.7, then a intra day buy could be more profitable.
If you take a sell trade below 16.7, then use 16.7 as stoploss and 15.9 as target. However if you take a buy trade in Penn National, then use 16.7 as stoploss and 17.3 as target.

PENN Penn National is falling or rising NEWS fundamental reasons

More announcements and NEWS

PENN Penn National Gaming, Inc. current price & indicator signals

Moving Averages for Penn National Gaming, Inc.

  • 5Day Average: 16.54
  • 12Day Average: 17.12
  • 20Day Average: 17.39
  • 50Day Average: 18.24
  • 100Day Average: 21.2
  • 150Day Average: 21.56
  • 200Day Average: 22.26

PENN Indicators & signals

Indicator MACD (12,26,9)

16.99, 17.53, -0.47
Indicator MACD is in negative zone

Indicator ADX (14)

11.11, 21.33, 26.67
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PENN Penn National Gaming, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Wed Apr 2024 16.26 16.16 to 16.84 -1.69% 1.12 times
16 Tue Apr 2024 16.54 15.88 to 16.71 1.6% 1.24 times
15 Mon Apr 2024 16.28 16.11 to 16.89 -2.51% 0.71 times
12 Fri Apr 2024 16.70 16.34 to 17.06 -1.24% 1.63 times
11 Thu Apr 2024 16.91 16.56 to 17.00 -0.12% 1.96 times
10 Wed Apr 2024 16.93 16.83 to 17.68 -6.2% 1.1 times
09 Tue Apr 2024 18.05 17.55 to 18.21 3.2% 0.66 times
08 Mon Apr 2024 17.49 17.28 to 17.70 0.75% 0.53 times
05 Fri Apr 2024 17.36 17.21 to 17.55 -0.63% 0.65 times
04 Thu Apr 2024 17.47 17.30 to 18.25 -2.35% 0.67 times
03 Wed Apr 2024 17.89 17.23 to 17.91 1.65% 0.85 times
02 Tue Apr 2024 17.60 17.47 to 17.78 -3.67% 0.69 times

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PENN NEWS why is Penn National Gaming, Inc. price falling or rising

 

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