PLANET FITNESS INC - CL A (PLNT) Stock Technical Analysis
NYSE:PLNT • US72703H1014
We assign a technical rating of 0 out of 10 to PLNT. PLNT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 81% of all other stocks performed better in the past year than PLNT.
- 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 87.44 - 101.50 range, which is quite wide. It is currently trading near the lows of this range.
- PLNT has an average volume of 1587740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PLNT is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry, PLNT did better than 46% of them.
The technical rating of PLNT is bad and it also does not present a quality setup 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
87.76
When analyzing the support we notice one important area.
- A support zone ranging from 88.65 to 88.65. 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 91.29 to 93.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 19.85 | NEGATIVE | PLNT has a low relative strength, it was outperformed by 80.15% 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) | 28.87 | OVERSOLD | The low RSI value suggests PLNT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests PLNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.52 | NEUTRAL | The Stochastics value for PLNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for PLNT suggests some volalility. |
| Average Directional Index/ADX (14) | 41.87 | POSITIVE | The high ADX value value for PLNT suggests a strong trend. |
88.66
-3.41 (-3.7%)
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 28.8692. This indicates that the stock is currently oversold.
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.