We assign a technical rating of 0 out of 10 to PRPL. 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.
PRPL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for PRPL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.72 to 0.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.70 from a trend line in the daily time frame.
- Support @0.68 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.74 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.02 from a trend line in the weekly time frame.
- Resistance @1.10 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 | DOWN | NEGATIVE | The short term trend for PRPL is down. |
| ChartMill Relative Strength | 13.62 | NEGATIVE | PRPL has a low relative strength, it was outperformed by 86.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRPL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRPL is below a declining 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) | 43.83 | 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) | 33.18 | NEUTRAL | The Stochastics value for PRPL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.27 | HIGH VOLATILITY | The high ATR as a percentage value for PRPL suggests high volalility. |
| Average Directional Index/ADX (14) | 24.12 | NEUTRAL | The ADX value for PRPL suggests a possible start of a new trend. |
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+0.04 (+5.59%)
PURPLE INNOVATION INC / PRPL FAQ
What is the ChartMill technical rating of PURPLE INNOVATION INC (PRPL) stock?
ChartMill assigns a technical rating of 0 / 10 to PRPL.
What is the trend direction for PRPL stock?
The current trend direction for PURPLE INNOVATION INC (PRPL) is Bearish.
What is the RSI signal for PRPL stock?
PURPLE INNOVATION INC (PRPL) has an RSI value of 43.8286. This indicates that the stock is currently neutral.
What is the short term momentum for PURPLE INNOVATION INC (PRPL) stock?
The short term momentum for PURPLE INNOVATION INC (PRPL) is negative.
Can you provide the buy/sell signal for PURPLE INNOVATION INC?
The buy/sell signal for PURPLE INNOVATION INC (PRPL) is sell as both the short term and long term trends are negative.