Learn to Evaluate (PLNT) using the Charts

November 03, 2024, 16:10 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PLNT

• Buy PLNT near 78.57 target 86.12 stop loss @ 78.34 Details

The technical summary data tells us to buy PLNT near 78.57 with an upside target of 86.12. This data also tells us to set a stop loss @ 78.34 to protect against excessive loss in case the stock begins to move against the trade. 78.57 is the first level of support below 78.97 , and by rule, any test of support is a buy signal. In this case, support 78.57 is being tested, a buy signal would exist.

• Short PLNT slightly under 86.12, target 78.57, stop loss @ 86.37 Details

The technical summary data is suggesting a short of PLNT as it gets near 86.12 with a downside target of 78.57. We should have a stop loss in place at 86.37though. 86.12 is the first level of resistance above 78.97, and by rule, any test of resistance is a short signal. In this case, if resistance 86.12 is being tested, a short signal would exist.

Swing Trading Plans for PLNT

• Buy PLNT slightly over 81.07, target 86.12, Stop Loss @ 80.84 Details

If 81.07 begins to break higher, the technical summary data tells us to buy PLNT just slightly over 81.07, with an upside target of 86.12. The data also tells us to set a stop loss @ 80.84 in case the stock turns against the trade. 81.07 is the first level of resistance above 78.97, and by rule, any break above resistance is a buy signal. In this case, 81.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PLNT slightly near 81.07, target 78.61, Stop Loss @ 81.3. Details

The technical summary data is suggesting a short of PLNT if it tests 81.07 with a downside target of 78.61. We should have a stop loss in place at 81.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 81.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PLNT

• Buy PLNT slightly over 81.07, target 86.12, Stop Loss @ 80.88 Details

If 81.07 begins to break higher, the technical summary data tells us to buy PLNT just slightly over 81.07, with an upside target of 86.12. The data also tells us to set a stop loss @ 80.88 in case the stock turns against the trade. 81.07 is the first level of resistance above 78.97, and by rule, any break above resistance is a buy signal. In this case, 81.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PLNT slightly near 81.07, target 78.94, Stop Loss @ 81.26. Details

The technical summary data is suggesting a short of PLNT if it tests 81.07 with a downside target of 78.94. We should have a stop loss in place at 81.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 81.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Planet Fitness Inc. (PLNT) available here: PLNT.

PLNT Ratings for November 03:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	70.47
P2	77.48	78.61	78.57
P3	78.94	81.07	86.12

AI Generated Signals for PLNT

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Planet Fitness Inc. (NASDAQ: PLNT) report below can help you understand how to do this. The trading plans for PLNT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.