PURPLE INNOVATION INC (PRPL) Stock Technical Analysis
NASDAQ:PRPL - Nasdaq - US74640Y1064 - Common Stock - Currency: USD
Overall PRPL gets a technical rating of 1 out of 10. PRPL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
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 71% are performing better than PRPL.
PRPL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PRPL has a been trading in the 0.70 - 0.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, 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 0.70, a Stop Loss order could be placed below this zone.
More info and screens
0.55
1.10
4 important support areas can be observed.
- A support zone ranging from 0.75 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.72 from a trend line in the daily time frame.
- A support zone ranging from 0.70 to 0.70. 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 0.76 to 0.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.79 from a trend line in the daily time frame.
- A resistance zone ranging from 0.84 to 0.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.09 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 | DOWN | NEGATIVE | The long term trend for PRPL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRPL is neutral. |
| ChartMill Relative Strength | 17.09 | NEGATIVE | PRPL has a low relative strength, it was outperformed by 82.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PRPL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PRPL is below 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) | 51.45 | 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. |
| Stochastics (14,3) | 45.95 | NEUTRAL | The Stochastics value for PRPL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.13 | HIGH VOLATILITY | The high ATR as a percentage value for PRPL suggests high volalility. |
| Average Directional Index/ADX (14) | 14.7 | NEGATIVE | The low ADX value for PRPL suggests a weak or negative 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)
0.76
0 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-0.59%
1 Week1.22%
2 Weeks5%
1 Month-2.09%
3 Month14.46%
6 Month-0.22%
12 Month-26.57%
2 Year-75.52%
3 Year-78.12%
5 Year-96.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%6.13%
ATR Inc-36.08%
Range Today0.02
ADR(20)0.05
ADR(20)%5.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.09
Mansfield-2.37
10 Day High0.82
10 Day Low0.71
20 Day High0.82
20 Day Low0.7
52 Week High1.5
52 Week Low0.56
CS1 End0.7
CR1 Start0.72
Volume & EV
DER(3)-10.49%
DER(5)-18.66%
Volume193.09K
Volume Incr472.95%
Vol(5)1.75M
Vol(50)820.40K