PLANET FITNESS INC - CL A (PLNT) Technical Analysis
NYSE:PLNT • US72703H1014
Current stock price
PLNT Technical Rating and Analysis
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 89% of all other stocks performed better in the past year than PLNT.
- PLNT is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 80% are performing better than PLNT.
- PLNT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month PLNT has a been trading in the 67.82 - 76.34 range, which is quite wide. It is currently trading near the lows of this range.
- PLNT has an average volume of 1724670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PLNT Weekly and Daily overview Charts
PLNT Setup Rating and Analysis
Although the technical rating is bad, PLNT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 69.61, 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
PLNT Support and Resistance Analysis
68.43
When analyzing the support we notice one important area.
- A support zone ranging from 69.12 to 69.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 71.41 to 73.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
PLNT Technical Indicator Signal Analysis
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 | 11.33 | NEGATIVE | PLNT has a low relative strength, it was outperformed by 88.67% 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) | 36.01 | NEUTRAL | The RSI value for PLNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests PLNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 22.74 | NEUTRAL | The Stochastics value for PLNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for PLNT suggests some volalility. |
| Average Directional Index/ADX (14) | 39.57 | POSITIVE | The high ADX value value for PLNT suggests a strong trend. |
PLNT Chart- and CandleStick Pattern Analysis
PLNT Technicals: Chart, Performance Metrics, Trend & Indicators
69.62
+0.5 (+0.72%)
PLANET FITNESS INC - CL A / PLNT TA 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.
Can you provide the RSI signal for PLANET FITNESS INC - CL A?
PLANET FITNESS INC - CL A (PLNT) has an RSI value of 36.011. 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 0.140609, indicating a bearish trend.
What is the buy/sell signal for 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.