PURPLE INNOVATION INC (PRPL) Stock Technical Analysis
USA - NASDAQ:PRPL - US74640Y1064 - Common Stock
1.04 USD
-0.08 (-7.14%)
1.0501 USD
+0.01 (+0.97%)
Taking everything into account, PRPL scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, PRPL has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
PRPL is one of the better performing stocks in the Household Durables industry, it outperforms 82% of 63 stocks in the same industry.
PRPL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PRPL is lagging the market slightly.
Looking at the yearly performance, PRPL did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month PRPL has a been trading in the 0.98 - 1.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PRPL has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.55
1.26
5 important support areas can be observed.
- A support zone ranging from 1.03 to 1.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.96 to 0.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.79 from a trend line in the weekly time frame.
- Support @0.71 from a trend line in the daily time frame.
- Support @0.56 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.13 to 1.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.16 from a horizontal line in the weekly time frame.
- Resistance @1.25 from a horizontal 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 | UP | POSITIVE | The long term trend for PRPL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRPL is up. |
| ChartMill Relative Strength | 80.58 | POSITIVE | PRPL has a high relative strength, it outperformed 80.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PRPL is below 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) | UP | POSITIVE | The current price of PRPL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.29 | NEUTRAL | The RSI value for PRPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PRPL has a negative trend. |
| Stochastics (14,3) | 38.62 | NEUTRAL | The Stochastics value for PRPL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.77 | HIGH VOLATILITY | The high ATR as a percentage value for PRPL suggests high volalility. |
| Average Directional Index/ADX (14) | 28.27 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.08 | 1.02 | 0.06 (5.47%) | 18.29% |
| An entry @1.08. This is a Buy Stop order right above the 10 day moving average. | An exit @1.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.06 points, which is 5.47%. | When investing 18.29% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of PRPL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.04
-0.08 (-7.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-7.14%
1 Week-0.95%
2 Weeks-7.96%
1 Month2.97%
3 Month46.95%
6 Month18.8%
12 Month0%
2 Year-39.18%
3 Year-74.32%
5 Year-95.82%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%7.77%
ATR Inc32.03%
Range Today0.11
ADR(20)0.08
ADR(20)%7.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.58
Mansfield0.69
10 Day High1.15
10 Day Low1.01
20 Day High1.26
20 Day Low0.98
52 Week High1.29
52 Week Low0.56
CS1 End1.03
CR1 Start1.13
Volume & EV
DER(3)-3.5%
DER(5)-4.64%
Volume672.10K
Volume Incr1.68%
Vol(5)617.46K
Vol(50)766.01K