PURPLE INNOVATION INC (PRPL) Technical Analysis
NASDAQ:PRPL • US74640Y1064
Current stock price
PRPL Technical Rating and Analysis
Taking everything into account, PRPL scores 0 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, PRPL is a bad performer in the overall market: 73% of all stocks are doing better.
- 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.
- PRPL is an average performer in the Household Durables industry, it outperforms 55% of 60 stocks in the same industry.
- In the last month PRPL has a been trading in the 0.57 - 0.73 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.
PRPL Weekly and Daily overview Charts
PRPL Setup Rating and Analysis
PRPL has a poor technical rating and the quality of the setup is also not perfect 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
PRPL Support and Resistance Analysis
0.62
When analyzing the support we notice one important area.
- A support zone ranging from 0.63 to 0.64. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.69 to 0.73. 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 @1.07 from a trend line in the weekly time frame.
PRPL Technical Indicator Signal Analysis
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 | 27.52 | NEGATIVE | PRPL has a low relative strength, it was outperformed by 72.48% 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) | 49.51 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 35.96 | NEUTRAL | The Stochastics value for PRPL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.68 | HIGH VOLATILITY | The high ATR as a percentage value for PRPL suggests high volalility. |
| Average Directional Index/ADX (14) | 27.66 | POSITIVE | The high ADX value value for PRPL suggests a strong trend. |
PRPL Chart- and CandleStick Pattern Analysis
PRPL Technicals: Chart, Performance Metrics, Trend & Indicators
0.6823
+0.06 (+9.98%)
PURPLE INNOVATION INC / PRPL TA FAQ
What is the ChartMill technical rating of PURPLE INNOVATION INC (PRPL) stock?
ChartMill assigns a technical rating of 0 / 10 to PRPL.
Can you provide the trend direction for PURPLE INNOVATION INC?
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 49.5091. This indicates that the stock is currently neutral.
What is the MACD signal for PURPLE INNOVATION INC (PRPL) stock?
The MACD indicator for PURPLE INNOVATION INC (PRPL) has a value of -0.00616485, indicating a bearish trend.
Can you provide the short term momentum for PURPLE INNOVATION INC?
The short term momentum for PURPLE INNOVATION INC (PRPL) is neutral.