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.

• ↑Opened 67 new studios in Q2, reaching 3,165 locations worldwide
• ↑Q2 adjusted EBITDA of $21.9M (–22% YoY) still delivers positive cash flow
• ↓Same-store sales fell 6.8% in Q2, denting top-line growth