PLANET FITNESS INC - CL A (PLNT) Technical Analysis
NYSE:PLNT • US72703H1014
Overall PLNT gets a technical rating of 0 out of 10. PLNT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 87% of all other stocks performed better in the past year than PLNT.
- PLNT is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 71% of 125 stocks in the same industry do better.
- PLNT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month PLNT has a been trading in the 77.00 - 95.30 range, which is quite wide. It is currently trading near the lows of this range.
- PLNT has an average volume of 1906050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PLNT has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
79.13
We found 1 important support area.
- A support zone ranging from 79.93 to 79.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 87.60 to 88.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | 13.71 | NEGATIVE | PLNT has a low relative strength, it was outperformed by 86.29% 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) | 30.7 | NEUTRAL | The RSI value for PLNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests PLNT has a negative trend. |
| Stochastics (14,3) | 17.47 | OVERSOLD | The low Stochastics value suggests PLNT may be oversold. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for PLNT suggests some volalility. |
| Average Directional Index/ADX (14) | 42.41 | POSITIVE | The high ADX value value for PLNT suggests a strong trend. |
PLNT Technicals: Chart, Performance Metrics, Trend & Indicators
79.94
-1.45 (-1.78%)
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 30.7031. 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.