PENN stock: buy or sell

PENN stock price: $100.72 0.13% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

1

PENN stock brief

  • Penn National Gaming closed on Thursday at $100.72 after scarcely changing a 0.13%.
  • The stock is configuring an uptrend pattern since July 2020, when it bottomed at $26.96. Up to date, the uptrend marked a 273.59% gain since the beginning of this rally
  • Penn National Gaming, Inc., together with its subsidiaries, owns and manages gaming and racing properties, and operates video gaming terminals.

Should I buy Penn National Gaming stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $PENN stock a buy?

In the current situation of Penn National Gaming there is just one buy setup eligible:

Uptrend buy setup

Penn National Gaming stock is in an uptrend since in July 2020 that so far marked a gorgeous 274.00% gain. Price marked a pull back in this uptrend at $96.77 in late March, and since then it bounced off a 4.08%. Breaking out over $142.00 - it's last top - will be a good entry point if Penn National Gaming resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $127.80

Buy setupBuy pointStop lossRisk
Uptrend buy setup$142.00$127.8010.00%

Should I sell Penn National Gaming stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Much like when we have to buy shares, deciding when is the best time to sell is not a whimsy decision, and we must adhere our own trading style. When selling, as well as buying, detailed setups are very easy to follow but are only applicable for selling shares you already own, not for shorting Penn National Gaming stock

A guiding principle is that you should not mantain a trading operation that generates greater losses than those expected at the time of purchase. When to sell your stock always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Penn National Gaming stock?

In the current situation of Penn National Gaming there is not any eligible sell setup, so Penn National Gaming stock holders with operations in profit can keep their positions

Penn National Gaming ratings

In the last 30 days, 2 analyst ratings were published for Penn National Gaming. General sentiment is bullish, with 2 out of 2 posting optimistic outlooks

Penn National Gaming analysts' ratings - Last month
Brokerage firmRating
Mar 23rd, 2021
The Goldman Sachs Group Strong buy
Mar 29th, 2021
The Goldman Sachs Group Strong buy

Penn National Gaming stock analysis

Since in July 2020, Penn National Gaming has been printing an uptrend that so far marked an amazing 273.59%. The chart shows higher highs and higher lows, and along the way provided some entry points for those who wanted to invest. Latest pullback was in late March, when price bounced at $96.77. Like in all uptrends, price needs to rest and currently price is consolidating the gains in a range between $142.00 and $96.77

SMAs overview

PENN stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $129.00 (28.08% above)
  • R2: $142.00 (40.98% above)
  • The current supports are:

  • S1: $96.77 (-3.92% below)
  • S2: $95.38 (-5.30% below)
  • S3: $76.62 (-23.93% below)
  • Bollinger bands

    PENN stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Thursday was 42. Since that level was lost, Penn National Gaming price dropped a 21.87%

    PENN stock RSI chart

    Penn National Gaming stock price history

    Penn National Gaming went public priced at an adjusted price1 of $0.19 on May 1994. Since then, PENN stock surged by 52,910.53%, with an average of 2,035.02% per year. If you had invested $1,000USD in Penn National Gaming stock on the IPO, it would have a value of $530,105.26 today.

    1: Adjusted price after possible price splits or reverse-splits

    PENN stock price history chart

    Price target for Penn National Gaming stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.

    The following table shows the price forecasts released by financial institutions for the last 30 days. Again, these predictions are not direct recommendations for individual investors and must not be followed blindly.

    There are 2 price forecasts released for Penn National Gaming that average $153.00. That is a 51.91% than the current price ($100.72).

    Penn National Gaming stock price predictions
    Brokerage firmPrice target
    Mar 23rd, 2021
    The Goldman Sachs Group $139.00$153.00
    Mar 29th, 2021
    The Goldman Sachs Group $139.00$153.00

    Earnings and financials

    Last February, Penn National Gaming, Inc. ($PENN) reported EPS for that far undercut Wall St. expectations. Quarterly EPS was $0.08 per share from an estimated $0.24. This Q4 report means an earnings surprise of -66.67%. Predicted turnover for this quarter was $1.1 billion but Penn National Gaming slightly undercut by 5.78%, reporting $1.0 billion.

    This compares to Earnings of $0.70 per share same quarter last year, so current EPS is a drop of -88.57%. Looking at revenues, figures dropped a -23.40% compared to $13.4B same quarter last year.

    PENN ($PENN) releases Q1 earnings report early next May. Market forecasts of $0.25, compared to previous quarter that was $0.08.

    Penn National Gaming performance

    PENN performance compared
    Company1m3m6m
    Penn National Gaming ($PENN) -17.60% -1.40% 47.50%

    Important note:
    The comments contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not know the particular circumstances of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for learning motives only

    PENN summary

    Thursday, April 15th, 2021
    Open$102
    Close$100.72
    Day range$98.75 - $102
    Previous close$100.59
    Session gain0.13%
    Average true range$7.05
    50d mov avg$114.06
    100d mov avg$101.19
    200d mov avg$77.54
    Earnings dateMay 6th, 2021

    Frequently asked questions

    What is Penn National Gaming stock symbol?

    Penn National Gaming, Inc. is a public company trading in the US stock market with the PENN symbol

    Is Penn National Gaming stock a buy or sell?

    Penn National Gaming received 2 ratings in the last 30 days: 2 bullish, 0 bearish and 0 neutral.

    Will PENN go up?

    Penn National Gaming had different price predictions published by market analysts in the last 30 days setting the target price to $153.00. That is a 51.91% than the current price ($100.72).