Penn Entertainment Stock Technical Analysis

PENN
 Stock
  

USD 27.96  1.43  5.39%   

As of the 29th of September, Penn Entertainment holds the risk adjusted performance of (0.22), and Coefficient Of Variation of (547.36). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Penn Entertainment, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Penn Entertainment, which can be compared to its competitors. Please check Penn Entertainment standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Penn Entertainment is priced some-what accurately, providing market reflects its current price of 27.96 per share. Given that Penn Entertainment has jensen alpha of 0.0342, we recommend you to check out Penn Entertainment's recent market performance to make sure the company can sustain itself at a future point.
  

Penn Entertainment Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Penn Entertainment, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Penn Entertainment
Penn Entertainment's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Penn Entertainment Analyst Consensus

Target PriceAdvice# of Analysts
83.69Hold13Odds
Penn Entertainment current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Penn Entertainment analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Penn Entertainment stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Penn Entertainment, talking to its executives and customers, or listening to Penn Entertainment conference calls.
Penn Entertainment Analyst Advice Details
Penn Entertainment technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Penn Entertainment technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Penn Entertainment trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Penn Entertainment Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Penn Entertainment volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Penn Entertainment Trend Analysis

Use this graph to draw trend lines for Penn Entertainment. You can use it to identify possible trend reversals for Penn Entertainment as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Penn Entertainment price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Penn Entertainment Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Penn Entertainment applied against its price change over selected period. The best fit line has a slop of   -0.4  , which may suggest that Penn Entertainment market price will keep on failing further. It has 34 observation points and a regression sum of squares at 129.44, which is the sum of squared deviations for the predicted Penn Entertainment price change compared to its average price change.

About Penn Entertainment Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Penn Entertainment on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Penn Entertainment based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Penn Entertainment price pattern first instead of the macroeconomic environment surrounding Penn Entertainment. By analyzing Penn Entertainment's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Penn Entertainment's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Penn Entertainment specific price patterns or momentum indicators. Please read more on our technical analysis page.

Penn Entertainment September 29, 2022 Technical Indicators

Most technical analysis of Penn Entertainment help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Penn Entertainment from various momentum indicators to cycle indicators. When you analyze Penn Entertainment charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Penn Entertainment September 29, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Penn Entertainment stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Your Equity Center. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for analysis

When running Penn Entertainment price analysis, check to measure Penn Entertainment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Penn Entertainment is operating at the current time. Most of Penn Entertainment's value examination focuses on studying past and present price action to predict the probability of Penn Entertainment's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Penn Entertainment's price. Additionally, you may evaluate how the addition of Penn Entertainment to your portfolios can decrease your overall portfolio volatility.
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Is Penn Entertainment's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Penn Entertainment. If investors know Penn Entertainment will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Penn Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Penn Entertainment is measured differently than its book value, which is the value of Penn Entertainment that is recorded on the company's balance sheet. Investors also form their own opinion of Penn Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Penn Entertainment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Penn Entertainment's market value can be influenced by many factors that don't directly affect Penn Entertainment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Penn Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine Penn Entertainment value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penn Entertainment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.