PLANET FITNESS INC - CL A (PLNT) Stock Technical Analysis
NYSE:PLNT - US72703H1014 - Common Stock
106.8 USD
+1.12 (+1.06%)
106.8 USD
0 (0%)
We assign a technical rating of 5 out of 10 to PLNT. In the last year, PLNT was one of the better performers, but we do observe some doubts in the very recent evolution.
When comparing the yearly performance of all stocks, we notice that PLNT is one of the better performing stocks in the market, outperforming 77% of all stocks.
PLNT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PLNT is lagging the market slightly.
In the last month PLNT has a been trading in the 97.72 - 112.58 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PLNT has an average volume of 1382810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
PLNT is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 64% of 131 stocks in the same industry.
PLNT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 106.76, a Stop Loss order could be placed below this zone.
More info and screens
91.62
114.69
We found 3 important support areas.
- A support zone ranging from 104.84 to 106.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @102.15 from a horizontal line in the daily time frame.
- Support @92.55 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 106.80 to 108.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 112.75 to 113.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PLNT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLNT is down. |
| ChartMill Relative Strength | 77.93 | POSITIVE | PLNT has a high relative strength, it outperformed 77.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLNT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PLNT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.52 | NEUTRAL | The RSI value for PLNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests PLNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.02 | NEUTRAL | The Stochastics value for PLNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for PLNT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.42 | NEUTRAL | The ADX value for PLNT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
106.8
+1.12 (+1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg1.06%
1 Week-0.14%
2 Weeks1.87%
1 Month-2.19%
3 Month3.86%
6 Month15.4%
12 Month31.51%
2 Year75.66%
3 Year57.64%
5 Year75.69%
10 Year499.66%
15 YearN/A
Volatility
ATR(14)2.35
ATR(20)%2.83%
ATR Inc-32.5%
Range Today1.89
ADR(20)2.86
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.93
Mansfield-0.12
10 Day High109.36
10 Day Low104.63
20 Day High112.58
20 Day Low97.72
52 Week High114.47
52 Week Low77.77
CS1 End106.76
CR1 Start106.8
Volume & EV
DER(3)2.4%
DER(5)2.87%
Volume842.72K
Volume Incr-39.22%
Vol(5)911.77K
Vol(50)1.38M