PLANET FITNESS INC - CL A (PLNT) Stock Technical Analysis
NYSE:PLNT - New York Stock Exchange, Inc. - US72703H1014 - Common Stock - Currency: USD
Taking everything into account, PLNT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PLNT is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, PLNT did better than 90% of all other stocks. We also observe that the gains produced by PLNT over the past year are nicely spread over this period.
PLNT is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry. PLNT outperforms 84% of them.
PLNT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PLNT is performing more or less in line with the market.
In the last month PLNT has a been trading in the 92.78 - 107.17 range, which is quite wide. It is currently trading near the high of this range.
PLNT has an average volume of 1481720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PLNT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 108.05. Right above this resistance zone may be a good entry point.
More info and screens
89.22
110.16
3 important support areas can be observed.
- Support @95.17 from a trend line in the daily time frame.
- A support zone ranging from 92.55 to 93.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 90.12 to 90.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 108.05 to 109.07. 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 | 90.83 | POSITIVE | PLNT has a high relative strength, it outperformed 90.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLNT is above the rising 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) | 63.27 | NEUTRAL | The RSI value for PLNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests PLNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.14 | OVERBOUGHT | The high Stochastics value suggests PLNT may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for PLNT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.95 | NEGATIVE | The low ADX value for PLNT suggests a weak or negative 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)
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 |
|---|---|---|---|
| 109.08 | 100.37 | 8.71 (7.98%) | 12.52% |
| An entry @109.08. This is a Buy Stop order right above the resistance zone. | An exit @100.37. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.71 points, which is 7.98%. | For a 1.00% total portfolio risk, you can invest 12.52% of your capital in this trade. |
- 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.
105.58
+0.42 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.4%
1 Week2.67%
2 Weeks0.74%
1 Month8.76%
3 Month8.5%
6 Month5.72%
12 Month55.11%
2 Year56.55%
3 Year55.24%
5 Year74.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.89
ATR(20)%2.72%
ATR Inc-4.34%
Range Today1.73
ADR(20)2.84
ADR(20)%2.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.83
Mansfield1.1
10 Day High107.17
10 Day Low100.38
20 Day High107.17
20 Day Low92.78
52 Week High110
52 Week Low68.75
CS1 End95.05
CR1 Start108.05
Volume & EV
DER(3)1.96%
DER(5)0.95%
Volume1.18M
Volume Incr-32.16%
Vol(5)1.25M
Vol(50)1.48M