PURPLE INNOVATION INC (PRPL) Stock Technical Analysis
NASDAQ:PRPL - Nasdaq - US74640Y1064 - Common Stock - Currency: USD
Overall PRPL gets a technical rating of 6 out of 10. PRPL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
82% of all other stocks performed better in the past year than PRPL.
PRPL is one of the lesser performing stocks in the Household Durables industry. 61% of 63 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PRPL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRPL is lagging the market.
In the last month PRPL has a been trading in the 0.64 - 1.08 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. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.81, a Stop Loss order could be placed below this zone.
More info and screens
0.55
1.07
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.77 to 0.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.73 from a trend line in the weekly time frame.
- Support @0.67 from a trend line in the daily time frame.
- Support @0.56 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.85 to 0.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.90 from a horizontal line in the weekly time frame.
- Resistance @0.99 from a trend line in the daily time frame.
- Resistance @1.06 from a trend line in the weekly 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 | 18.92 | NEGATIVE | PRPL has a low relative strength, it was outperformed by 81.08% 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) | 52.13 | NEUTRAL | The RSI value for PRPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PRPL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.83 | NEUTRAL | The Stochastics value for PRPL is a neutral value. |
| Average True Range in percent/ATR (20) | 10.35 | HIGH VOLATILITY | The high ATR as a percentage value for PRPL suggests high volalility. |
| Average Directional Index/ADX (14) | 30.46 | 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)
0.8218
-0.02 (-2.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-2.86%
1 Week0.54%
2 Weeks-11.69%
1 Month14.97%
3 Month4.08%
6 Month-21.73%
12 Month-20.98%
2 Year-62.13%
3 Year-71.27%
5 Year-95.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%10.35%
ATR Inc-59.88%
Range Today0.03
ADR(20)0.08
ADR(20)%9.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.92
Mansfield-1.34
10 Day High1.04
10 Day Low0.78
20 Day High1.08
20 Day Low0.64
52 Week High1.37
52 Week Low0.56
CS1 End0.81
CR1 Start0.85
Volume & EV
DER(3)-5.09%
DER(5)-12.69%
Volume252.90K
Volume Incr-55.44%
Vol(5)398.56K
Vol(50)704.34K