PENN stock: buy or sell

PENN stock price: $99.50 -4.35% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

2

PENN stock brief

  • After making new highs on Monday, Penn National Gaming closed at $99.50 dropping a -4.35%
  • The Goldman Sachs Group posted a strong bullish rating for Penn National Gaming on Tuesday, with a forecast of $124.00
  • The stock is configuring an uptrend pattern since July 2020, when it bottomed at $26.96. Up to date, shares made a 269.07% profit 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 with a focus on slot machine entertainment.

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 not any eligible buy setup. This doesn't mean we expect a selloff for $PENN in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Penn National Gaming stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies prevent us from making impetuous decisions based on our personal moods or the buzz that surrounds the market. When selling, as well as buying, detailed setups are very simple to use but are only applicable for selling stocks you already own, not for selling short $PENN stock

A guiding principle is that you should not hold an investment that shows a higher than expected losses at the time of the buy. When to sell your stock always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell Penn National Gaming stock?

Currently, Penn National Gaming stock doesn't match any of our preferred sell setups, so if you hold Penn National Gaming shares and your operation is in profit probably is not time to sell now

Penn National Gaming ratings

In the last month, 7 ratings were published for Penn National Gaming

Penn National Gaming analysts' ratings - Last month
Brokerage firmRating
Jan 7th, 2021
Piper Sandler Neutral
Jan 13th, 2021
KeyCorp
Jan 14th, 2021
Loop Capital NeutralStrong sell
Truist Neutral
Jan 20th, 2021
Credit Suisse Group Buy
Morgan Stanley
Jan 26th, 2021
The Goldman Sachs Group NeutralStrong buy

Penn National Gaming stock analysis

Penn National Gaming stock started an uptrend in July 2020, and grew an amazing 269.07%. The chart shows higher peaks and higher troughs, and along the way provided some buying opportunities for those who wanted to trade in. Latest pullback was last November, when price bounced at $58.62. Like in all uptrends, price needs to take breath and currently price is consolidating the gains in a range between $111.02 and $58.62

$PENN at new All-time Highs

On Monday, Penn National Gaming hit all-time highs (ATH) again at $111.02. Stock rallied fast in the last 10 sessions, smashing new all-time highs 6 times

SMAs overview

PENN stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $111.02 (11.58% above)
  • The current support levels are:

  • S1: $76.62 (-22.99% below)
  • S2: $75.75 (-23.87% below)
  • S3: $58.62 (-41.09% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 14, the price has been corrected downwards by 7.30%

    PENN stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on January 15 after just crossing to the overbough zone for just one day (weak signal). The RSI value on Tuesday was 54.96. Since RSI lost the overbought zone, Penn National Gaming stock sank a 6.51%

    PENN stock RSI chart

    Penn National Gaming stock price history

    Penn National Gaming started trading on May 26th, 1994 priced at $0.18 per share1. Since then, PENN stock has risen by 55,177.78%, with an average of 2,122.22% per year. An investment of $1,000USD at that time would be valued $552,777.78 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. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental information by the company, and usually. Again, these targets are not direct recommendations for small traders and must not be trusted blindly.

    The average price target for Penn National Gaming stock calculated from the table below is $114.00. Penn National Gaming closed at $99.50 on Tuesday, that is a 12.72% than the forecasted price.

    Penn National Gaming stock price predictions
    Brokerage firmPrice target
    Jan 7th, 2021
    Piper Sandler $84.00$100.00
    Jan 13th, 2021
    KeyCorp Not available
    Jan 14th, 2021
    Loop Capital Not available
    Truist $85.00$120.00
    Jan 20th, 2021
    Credit Suisse Group $128.00
    Morgan Stanley $63.00$98.00
    Jan 26th, 2021
    The Goldman Sachs Group $86.00$124.00

    Earnings and financials

    Penn National Gaming ($PENN) hosted the quarterly earnings call and released the report last October. PENN reported earnings of $0.93 per share on sales of $1.1 billion. The analysts estimate was $0.49 per share on revenue of $1.1 billion.

    Compared to the same quarter one year ago, EPS was $0.38, so current EPS is a improvement of 144.74%. Looking at revenue, figures tanked a -16.60% compared to $13.5B same quarter a year ago.

    PENN ($PENN) is posting Q4 earnings report on Thursday next week. Market expects of $0.28, compared to Q3 that made $0.93.

    Penn National Gaming performance

    PENN performance compared
    Company1m3m6m
    Penn National Gaming ($PENN) 3.50% 61.90% 204.60%

    Important:
    The opinions written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the particular situations of the reader, his or her 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 Viewpoints are provided for learning reasons only

    PENN summary

    Tuesday, January 26th, 2021
    Open$106.2
    Close$99.5
    Day range$98.94 - $106.32
    Previous close$104.03
    Session gain-4.35%
    Average true range$8.99
    50d mov avg$84.32
    100d mov avg$74.31
    200d mov avg$53.03
    Earnings dateFebruary 4th, 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 7 ratings in the last 30 days: 2 bullish, 1 bearish and 2 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 $114.00. That is a 14.57% than the current price ($99.50).