PLANET FITNESS INC - CL A (PLNT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:PLNT • US72703H1014
Overall PLNT gets a technical rating of 0 out of 10. 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.
- When comparing the yearly performance of all stocks, PLNT is a bad performer in the overall market: 82% of all stocks are doing better.
- PLNT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month PLNT has a been trading in the 88.83 - 108.48 range, which is quite wide. It is currently trading near the lows of this range.
- PLNT has an average volume of 1540130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PLNT is part of the Hotels, Restaurants & Leisure industry. There are 132 other stocks in this industry, PLNT did better than 41% of them.
PLNT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 90.69, a Stop Loss order could be placed below this zone.
More info and screens
89.08
When analyzing the support we notice one important area.
- A support zone ranging from 89.98 to 90.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 91.62 to 92.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @105.40 from a horizontal 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.
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 | 18.51 | NEGATIVE | PLNT has a low relative strength, it was outperformed by 81.49% 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) | 32.07 | NEUTRAL | The RSI value for PLNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PLNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.48 | NEUTRAL | The Stochastics value for PLNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for PLNT suggests some volalility. |
| Average Directional Index/ADX (14) | 44.49 | POSITIVE | The high ADX value value for PLNT suggests a strong trend. |
91.61
+1 (+1.1%)
PLANET FITNESS INC - CL A / PLNT 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 32.066. 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.