PURPLE INNOVATION INC (PRPL) Stock Technical Analysis
NASDAQ:PRPL - Nasdaq - US74640Y1064 - Common Stock - Currency: USD
Taking everything into account, PRPL scores 5 out of 10 in our technical rating. In the past year, PRPL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
83% of all other stocks performed better in the past year than PRPL.
PRPL is part of the Household Durables industry. There are 64 other stocks in this industry, of which 66% are performing better than PRPL.
PRPL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PRPL is lagging the market.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
PRPL has an average volume of 1136550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month PRPL has a been trading in the 0.59 - 0.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, PRPL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.55
1.22
We found 2 important support areas.
- A support zone ranging from 0.81 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.56 from a horizontal line in the weekly time frame.
6 important resistance areas can be observed.
- Resistance @0.89 from a horizontal line in the weekly time frame.
- Resistance @0.91 from a trend line in the daily time frame.
- Resistance @0.94 from a horizontal line in the daily time frame.
- Resistance @0.96 from a trend line in the weekly time frame.
- Resistance @1.13 from a trend line in the weekly time frame.
- Resistance @1.21 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for PRPL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRPL is up. |
| ChartMill Relative Strength | 17.32 | NEGATIVE | PRPL has a low relative strength, it was outperformed by 82.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRPL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRPL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PRPL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.82 | NEUTRAL | The RSI value for PRPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PRPL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.71 | NEUTRAL | The Stochastics value for PRPL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.96 | HIGH VOLATILITY | The high ATR as a percentage value for PRPL suggests high volalility. |
| Average Directional Index/ADX (14) | 29.52 | POSITIVE | The high ADX value value for PRPL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.8245
-0.01 (-1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-1.09%
1 Week-5.34%
2 Weeks1.9%
1 Month24.06%
3 Month-11.34%
6 Month-6.54%
12 Month-35.59%
2 Year-76.17%
3 Year-84.08%
5 Year-94.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%9.96%
ATR Inc-34.04%
Range Today0.04
ADR(20)0.08
ADR(20)%9.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.32
Mansfield-1.61
10 Day High0.98
10 Day Low0.77
20 Day High0.98
20 Day Low0.59
52 Week High1.5
52 Week Low0.56
CS1 End0.81
CR1 Start0.89
Volume & EV
DER(3)-2.65%
DER(5)2.3%
Volume536.50K
Volume Incr-59.34%
Vol(5)479.68K
Vol(50)1.14M