Planet Fitness Stock Forecast - Accumulation Distribution
| PLNT Stock | USD 60.27 0.39 0.65% |
Planet Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Planet Fitness stock prices and determine the direction of Planet Fitness's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Planet Fitness' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Planet Fitness' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Planet Fitness' systematic risk associated with finding meaningful patterns of Planet Fitness fundamentals over time.
Check out Historical Fundamental Analysis of Planet Fitness to cross-verify your projections. Planet |
Open Interest Against 2024-05-17 Planet Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Planet Fitness' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Planet Fitness' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Planet Fitness stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Planet Fitness' open interest, investors have to compare it to Planet Fitness' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Planet Fitness is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Planet. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Planet Fitness cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Planet Fitness' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Planet Fitness' price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Planet Fitness is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Planet Fitness to determine if accumulation or reduction is taking place in the market. This value is adjusted by Planet Fitness trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 42470.7 | 28818.59 |
| Check Planet Fitness Volatility | Backtest Planet Fitness | Information Ratio |
Planet Fitness Trading Date Momentum
| On April 26 2024 Planet Fitness was traded for 60.27 at the closing time. The top price for the day was 60.76 and the lowest listed price was 59.84 . The trading volume for the day was 1.9 M. The trading history from April 26, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.03% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Planet Fitness to competition |
Other Forecasting Options for Planet Fitness
For every potential investor in Planet, whether a beginner or expert, Planet Fitness' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Planet Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Planet. Basic forecasting techniques help filter out the noise by identifying Planet Fitness' price trends.Planet Fitness Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Planet Fitness stock to make a market-neutral strategy. Peer analysis of Planet Fitness could also be used in its relative valuation, which is a method of valuing Planet Fitness by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Planet Fitness Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Planet Fitness' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Planet Fitness' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Planet Fitness Market Strength Events
Market strength indicators help investors to evaluate how Planet Fitness stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Planet Fitness shares will generate the highest return on investment. By undertsting and applying Planet Fitness stock market strength indicators, traders can identify Planet Fitness entry and exit signals to maximize returns.
| Accumulation Distribution | 28818.59 | |||
| Daily Balance Of Power | 0.4239 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 60.3 | |||
| Day Typical Price | 60.29 | |||
| Price Action Indicator | 0.17 | |||
| Period Momentum Indicator | 0.39 |
Planet Fitness Risk Indicators
The analysis of Planet Fitness' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Planet Fitness' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting planet stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.74 | |||
| Standard Deviation | 2.11 | |||
| Variance | 4.43 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Planet Fitness Investors Sentiment
The influence of Planet Fitness' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Planet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Planet Fitness' public news can be used to forecast risks associated with an investment in Planet. The trend in average sentiment can be used to explain how an investor holding Planet can time the market purely based on public headlines and social activities around Planet Fitness. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Planet Fitness' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Planet Fitness' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Planet Fitness' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Planet Fitness.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Planet Fitness in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Planet Fitness' short interest history, or implied volatility extrapolated from Planet Fitness options trading.
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Check out Historical Fundamental Analysis of Planet Fitness to cross-verify your projections. For more information on how to buy Planet Stock please use our How to Invest in Planet Fitness guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Planet Stock analysis
When running Planet Fitness' price analysis, check to measure Planet Fitness' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Planet Fitness is operating at the current time. Most of Planet Fitness' value examination focuses on studying past and present price action to predict the probability of Planet Fitness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Planet Fitness' price. Additionally, you may evaluate how the addition of Planet Fitness to your portfolios can decrease your overall portfolio volatility.
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Is Planet Fitness' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Planet Fitness. If investors know Planet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Planet Fitness listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.021 | Earnings Share 1.62 | Revenue Per Share 12.619 | Quarterly Revenue Growth 0.04 | Return On Assets 0.0616 |
The market value of Planet Fitness is measured differently than its book value, which is the value of Planet that is recorded on the company's balance sheet. Investors also form their own opinion of Planet Fitness' value that differs from its market value or its book value, called intrinsic value, which is Planet Fitness' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Planet Fitness' market value can be influenced by many factors that don't directly affect Planet Fitness' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Planet Fitness' value and its price as these two are different measures arrived at by different means. Investors typically determine if Planet Fitness is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Planet Fitness' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.