PLANET FITNESS INC - CL A (PLNT) Technical Analysis
NYSE:PLNT • US72703H1014
Current stock price
PLNT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to PLNT. PLNT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 87% of all other stocks performed better in the past year than PLNT.
- PLNT is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 73% are performing better than PLNT.
- PLNT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so PLNT is lagging the market.
- PLNT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- PLNT has an average volume of 1857880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PLNT Weekly and Daily overview Charts
PLNT Setup Rating and Analysis
Although the technical rating is bad, PLNT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 74.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.62, a Stop Loss order could be placed below this zone.
More info and screens
PLNT Support and Resistance Analysis
72.88
We found 1 important support area.
- A support zone ranging from 73.62 to 73.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 74.34 to 76.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @80.94 from a trend line in the daily time frame.
- 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.
PLNT Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for PLNT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLNT is down. |
| ChartMill Relative Strength | 13.38 | NEGATIVE | PLNT has a low relative strength, it was outperformed by 86.62% 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) | DOWN | NEGATIVE | The current price of PLNT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PLNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.32 | NEUTRAL | The RSI value for PLNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests PLNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.17 | NEUTRAL | The Stochastics value for PLNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for PLNT suggests some volalility. |
| Average Directional Index/ADX (14) | 53.24 | POSITIVE | The high ADX value value for PLNT suggests a strong trend. |
PLNT Chart- and CandleStick Pattern Analysis
PLNT Technicals: Chart, Performance Metrics, Trend & Indicators
73.8
-1.6 (-2.12%)
PLANET FITNESS INC - CL A / PLNT TA FAQ
What is the technical rating for PLNT stock?
ChartMill assigns a technical rating of 0 / 10 to PLNT.
Can you provide the trend direction for PLANET FITNESS INC - CL A?
The current trend direction for PLANET FITNESS INC - CL A (PLNT) is Bearish.
What is the RSI signal for PLANET FITNESS INC - CL A (PLNT) stock?
PLANET FITNESS INC - CL A (PLNT) has an RSI value of 33.3248. This indicates that the stock is currently neutral.
What is the short term momentum for PLNT stock?
The short term momentum for PLANET FITNESS INC - CL A (PLNT) is negative.
What is the buy/sell signal for PLANET FITNESS INC - CL A (PLNT) stock?
The buy/sell signal for PLANET FITNESS INC - CL A (PLNT) is sell as both the short term and long term trends are negative.