PLANET FITNESS INC - CL A (PLNT) Stock Technical Analysis
USA - NYSE:PLNT - US72703H1014 - Common Stock
96.53 USD
+1.29 (+1.35%)
97.22 USD
+0.69 (+0.71%)
Overall PLNT gets a technical rating of 1 out of 10. PLNT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month PLNT has a been trading in the 91.58 - 105.50 range, which is quite wide. It is currently trading near the lows of this range.
PLNT has an average volume of 1134410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, PLNT outperforms 44% of them, which is more or less in line with the market.
PLNT is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, PLNT did better than 64% of them.
PLNT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLNT is lagging the market.
PLNT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 94.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PLNT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
89.22
109.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 92.58 to 94.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @90.12 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 100.75 to 102.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 105.17 to 105.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @108.30 from a horizontal line in the daily time frame.
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 | 44.42 | NEUTRAL | PLNT is not amongst the best or worst performers 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) | 45.08 | NEUTRAL | The RSI value for PLNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PLNT has a positive trend. |
| Stochastics (14,3) | 28.94 | NEUTRAL | The Stochastics value for PLNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for PLNT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.8 | POSITIVE | The high ADX value value for PLNT suggests a strong 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)
96.53
+1.29 (+1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg1.35%
1 Week1.9%
2 Weeks-0.28%
1 Month-2.88%
3 Month-14.39%
6 Month0.76%
12 Month18.11%
2 Year74.65%
3 Year47.42%
5 Year62.86%
10 Year490.76%
15 YearN/A
Volatility
ATR(14)2.46
ATR(20)%2.67%
ATR Inc-31.49%
Range Today2.04
ADR(20)2.49
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.42
Mansfield-1.42
10 Day High97.44
10 Day Low91.58
20 Day High105.5
20 Day Low91.58
52 Week High114.47
52 Week Low77.79
CS1 End94.4
CR1 Start100.75
Volume & EV
DER(3)3.24%
DER(5)2.27%
Volume735.53K
Volume Incr-14.95%
Vol(5)1.06M
Vol(50)1.13M