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PLNT

Planet Fitness (PLNT) AnalysisCompany Overview: Planet Fitness operates a unique franchise-based model, which reduces capital expenditure and enhances free cash flow. The company owns just 256 of its 2,575 locations, leveraging its franchisees to drive expansion and growth. With its affordable $10 monthly fee, Planet Fitness has successfully attracted a broad demographic of casual gym-goers, keeping membership churn low and ensuring steady revenue streams. Key Catalysts: Franchise Model Efficiency: The franchise-based model allows Planet Fitness to expand rapidly while keeping capital expenditures low, resulting in strong free cash flow. This model also minimizes risk and enables the company to focus on brand development and member experience. Strong Membership Base: Planet Fitness currently serves 18.7 million members, capitalizing on its low-cost membership structure to maintain a steady flow of new members while minimizing attrition. This large and stable customer base is a key driver of its long-term growth. Sales Momentum: Recent financial performance has been strong, with same-store sales up 8% and total revenue increasing by 14% to $278 million. This indicates continued growth momentum, suggesting that Planet Fitness is successfully navigating the competitive gym industry. Investment Outlook: Bullish Outlook: We are bullish on NYSE:PLNT if it holds above the $72.00-$73.00 range. Upside Potential: The upside target for Planet Fitness is set at $98.00-$100.00, supported by its efficient franchise model, strong membership growth, and positive sales trends. 🏋️ Planet Fitness—building strength in numbers and cash flow! #PLNT #FitnessGrowth 🚀💰
NYSE:PLNTLong
by Richtv_official
PLNT Here is my analysis about planet fitness (not financial advice). A really nice double bottom was formed over last year. This is bullish as it indicates a reversal in price action. As the price moved up it retested the area of resistance in between the double bottom and found support. The price then went right through previous resistance in between 69 and 72 dollars. The price then broke the 200 day moving average (red line), again this is bullish. The price has since found resistance around the August peak and has consolidated in an ascending wedge. My guess is that the price breaks to the downside of the blue lines I drew and retests the 200 day/yellow lines. If it were me, I would put buy orders in around these prices looking to sell around the horizontal red line (~85 dollars). To manage risk, I would put a stop loss around 69 dollars. If it breaks to the upside, then off to test the horizontal red line.
NYSE:PLNT
by Thnacks
PLNT 1D BULL FLAG LONG TRADEBull Flags are Ranges which are repeatable trading chart patterns. Bull Flag chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:PLNTLong
by Tradingstrategyguides
WHY PLANET FITNESS IS THE #1 STOCK TO BUY ON PULLBACKS Start for $1 - Monthly membership is $10 - $20 mo. go to any location Free T-shirts, bagels, pizza Clean beautiful gyms Equipment well maintained - Employees always nice with a no judgement zone They have dialed in this gym experience Weekly chart shows they have dialed it in for years Most of weekly volume spikes are on bullish weeks People are interested in this chart - volume is going up - volatility is going up There is a continuous increase in the trend line angle Anytime your trend line does a dramatic increase like this is called a bump and run. The bump and run trend line is usually considered bearish but there are strong bullish signs still Drilling down to 1D chart , notice hugh gap down on May 3rd Gap down on positive earnings news Drove down to 15m chart to find where volume spike came from First few 15m candles drove price back up so gap spike from 1D came from positive moves Most of the traders want this pair long When most traders want price to go long you are probably in for a pullback Price has been pushing up for some time so expecting some consolidation Watch for an ascending triangle to develop Sell when you see pullback on reduced volume and volatility Buy at trend line bounce If pullback did not come with reduced volume/volatility then enter with smaller size. Use ATR to determine SL (1.5xATR)and TP (1xATR). When in profit take some off and move SL to break even.
NYSE:PLNT
by Tradingstrategyguides
PLANET SHORTS. Jk. Be patient... we may have another leg upI'm showing this chart in this fashion for a few reasons. Let's take a look at the EW count. We have just completed wave 3 of 3 of the largest count. Currently going into wave 4 of 3 and should wrap this up in the next couple days. The EW count suggesting that we still have another leg up is justified by the 4 overlaying indicators here- let's take a look. RSI: yes we bounced off the divergence of the daily, but we have a ways to go before reaching a critical limit suggested by the supporting RSI. The EW count suggests we can continue to be extended. We took quite a hit on the RSI when we fell ~3% last week, leaving room to continue the upward price action. MACD- tapering off but still bullish. ADX- Green is above the red, still bullish. ICC - falling out of the sell zone, but this chart does not have an extensive history so I wouldnt trust this indicator as much. What we can deduce from this is that we are heading toward the neutral zone. This should deter us from any impulsive selling. Fib time zones- the next wave lines up well if you count the 1 to the 2. WE AREN'T THERE YET. Ultimately, if you believe the EW count, and interpret that the indicators are not suggesting any impulsive selling, then you should wait to short this. Major indexes suggest a small pullback is coming. This may come right before earnings season (early this week), and allow for a setup to go long for wave 5's. See my long term chart for what the heck is still to come. GOOD LUCK.
NYSE:PLNT
by warrenbudget
$PLNT Planet Fitness - Overbought at Resistance$PLNT Planet Fitness - Overbought at Resistance Expecting a near term retrace - targeting $60-$62 range within 1 month (depending on overall market conditions we could dip sub-$60) A nice way to play it might be a bear put spread, buying the Apr 18th $65.00 strike puts going for around $1.50 and selling the Apr 18th $60.00 strike puts going for about $0.45 for a total cost of about $1.00-$1.05 with a max profit of $5.00 per spread. (possible 5 to 1 return) Note: Informational analysis, not investment advice.
NYSE:PLNTShort
by Triple_Barrel_Capital
PLNT potential long and/or short opportunitiesIf you like planet fitness's fundamentals, take a look at the buy point I describe here and decide for yourself. If you would like a potential in and out, maybe look for the over-extension for a short point, however I would not recommend shorting this company based on the chart alone, and definitely look into the business itself first because shorting a good business has the potential to go against you if you are not careful, even with obvious technical patterns in the chart. fun fact: I go to this gym
NYSE:PLNT
by alalim
PLNT - Trend breakdown short from $19.83 to $17.13PLNT is breaking down all the moving averages and its trend line support. Moneyflow was diverging & recently plummeted down to negative side. We think it will decline further to $17 area, if it can break $19.83 * Trade Criteria * Date first found- March 14, 2017 Pattern/Why- Trend breakdown short Entry Target Criteria- Break of $19.83 Exit Target Criteria- $17.13 Stop Loss Criteria- $21.13 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:PLNTShort
by AcornWealthCorp