PLANET FITNESS INC - CL A (PLNT) Technical Analysis
NYSE:PLNT • US72703H1014
Taking everything into account, PLNT scores 0 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, PLNT is a bad performer in the overall market: 87% of all stocks are doing better.
- PLNT is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 70% of 125 stocks in the same industry do better.
- PLNT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so PLNT is lagging the market.
- 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 1910650 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 not perfect 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
77.86
When analyzing the support we notice one important area.
- A support zone ranging from 78.65 to 78.65. 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 87.00 to 88.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @105.58 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 | 13.49 | NEGATIVE | PLNT has a low relative strength, it was outperformed by 86.51% 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) | 29.04 | OVERSOLD | The low RSI value suggests PLNT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests PLNT has a negative trend. |
| Stochastics (14,3) | 12.93 | OVERSOLD | The low Stochastics value suggests PLNT may be oversold. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for PLNT suggests some volalility. |
| Average Directional Index/ADX (14) | 43.14 | POSITIVE | The high ADX value value for PLNT suggests a strong trend. |
PLNT Technicals: Chart, Performance Metrics, Trend & Indicators
78.66
-1.28 (-1.6%)
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 29.04. 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.