PLANET FITNESS INC - CL A (PLNT) Stock Technical Analysis
NYSE:PLNT - New York Stock Exchange, Inc. - US72703H1014 - Common Stock - Currency: USD
Overall PLNT gets a technical rating of 10 out of 10. In the last year, PLNT was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, PLNT also presents 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 resistance zone just above the current price starting at 108.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 103.01, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
89.22
We found 4 important support areas.
- A support zone ranging from 101.57 to 103.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @97.18 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.
- Support @90.12 from a horizontal line in the daily time frame.
We found 1 important resistance 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 | 83.04 | POSITIVE | PLNT has a high relative strength, it outperformed 83.04% 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) | 56.78 | NEUTRAL | The RSI value for PLNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests PLNT has a negative trend. |
| Stochastics (14,3) | 67.09 | NEUTRAL | The Stochastics value for PLNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for PLNT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.67 | NEGATIVE | The low ADX value for PLNT suggests a weak or negative 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 |
|---|---|---|---|
| 109.08 | 103.57 | 5.51 (5.05%) | 19.80% |
| An entry @109.08. This is a Buy Stop order right above the resistance zone. | An exit @103.57. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.51 points, which is 5.05%. | When investing 19.80% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
107.75
+0.92 (+0.86%)