PLANET FITNESS INC - CL A (PLNT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PLNT - US72703H1014 - Common Stock
We assign a technical rating of 6 out of 10 to PLNT. PLNT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
PLNT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 109.80, a Stop Loss order could be placed below this zone.
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89.67
When analyzing the support we can see 4 important areas.
- A support zone ranging from 105.40 to 109.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 102.16 to 103.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 92.55 to 93.89. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @90.58 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 110.10 to 110.86. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for PLNT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLNT is up. |
| ChartMill Relative Strength | 65.16 | NEUTRAL | PLNT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PLNT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLNT is above 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) | 56.15 | NEUTRAL | The RSI value for PLNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests PLNT has a negative trend. |
| Stochastics (14,3) | 57 | NEUTRAL | The Stochastics value for PLNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for PLNT suggests some volalility. |
| Average Directional Index/ADX (14) | 27.46 | POSITIVE | The high ADX value value for PLNT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 110.87 | 107.76 | 3.11 (2.81%) | 25.00% |
| An entry @110.87. This is a Buy Stop order right above the resistance zone. | An exit @107.76. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.11 points, which is 2.81%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PLNT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
109.95
-1.68 (-1.5%)
PLANET FITNESS INC - CL A / PLNT FAQ
What is the technical rating for PLNT stock?
ChartMill assigns a technical rating of 6 / 10 to PLNT.
What is the trend direction for PLNT stock?
The current trend direction for PLANET FITNESS INC - CL A (PLNT) is Bullish.
What is the RSI signal for PLANET FITNESS INC - CL A (PLNT) stock?
PLANET FITNESS INC - CL A (PLNT) has an RSI value of 56.1517. This indicates that the stock is currently neutral.
What is the MACD signal for PLANET FITNESS INC - CL A (PLNT) stock?
The MACD indicator for PLANET FITNESS INC - CL A (PLNT) has a value of -0.213113, indicating a bearish trend.
Can you provide the buy/sell signal for PLANET FITNESS INC - CL A?
The buy/sell signal for PLANET FITNESS INC - CL A (PLNT) is buy as both the short term and long term trends are positive.