Xponential Fitness Inc

XPOF is in a strong continuation phase marked by a Lockout Rally that rapidly reclaimed key EMAs on expanding volume, signaling institutional urgency. The Medium-Term bias remains firmly bullish in a Stage 2 context, reinforced by continuation pattern dynamics. Although short-term indicators are overbought, the Lockout Rally override justifies immediate participation. Focus for entries is on any shallow pullbacks into the 9/20 EMA zone and breakout above the 50-day moving average. Primary risks include a potential rejection at the 50DMA and a loss of momentum if buying volume wanes.

• ↑Member retention rose 36bps YoY in Q1 2026
• ↑Opened 66 studios in Q1, bringing total to 3,137 globally
• ↓Q1 same-store sales declined 6.2% YoY