PURE STORAGE INC - CLASS A (PSTG) Stock Technical Analysis
USA - NYSE:PSTG - US74624M1027 - Common Stock
We assign a technical rating of 10 out of 10 to PSTG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PSTG is showing a nice and steady performance.
Although PSTG has an excellent technical rating, the quality of the presented setup is not ideal 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.
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67.08
4 important support areas can be observed.
- A support zone ranging from 92.90 to 94.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @91.43 from a trend line in the daily time frame.
- Support @88.90 from a horizontal line in the daily time frame.
- Support @67.76 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 | UP | POSITIVE | The long term trend for PSTG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSTG is up. |
| ChartMill Relative Strength | 95.22 | POSITIVE | PSTG has a high relative strength, it outperformed 95.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSTG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSTG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSTG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.08 | OVERBOUGHT | The high RSI value suggests PSTG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests PSTG has a positive trend. |
| Stochastics (14,3) | 95.52 | OVERBOUGHT | The high Stochastics value suggests PSTG may be overbought. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for PSTG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.74 | NEGATIVE | The low ADX value for PSTG suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 99.03 | 92.89 | 6.14 (6.20%) | 16.13% |
| An entry @99.03. This is a Buy Stop order right above the 10 day high. | An exit @92.89. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.14 points, which is 6.20%. | When investing 16.13% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
98.7
+1.69 (+1.74%)
PURE STORAGE INC - CLASS A / PSTG FAQ
Can you provide the ChartMill technical rating for PURE STORAGE INC - CLASS A?
ChartMill assigns a technical rating of 10 / 10 to PSTG.
What is the current trend direction of PURE STORAGE INC - CLASS A (PSTG) stock?
The current trend direction for PURE STORAGE INC - CLASS A (PSTG) is Bullish.
Can you provide the RSI signal for PURE STORAGE INC - CLASS A?
PURE STORAGE INC - CLASS A (PSTG) has an RSI value of 70.0836. This indicates that the stock is currently overbought.
What is the MACD signal for PSTG stock?
The MACD indicator for PURE STORAGE INC - CLASS A (PSTG) has a value of 0.131938, indicating a bearish trend.
What is the short term momentum for PSTG stock?
The short term momentum for PURE STORAGE INC - CLASS A (PSTG) is positive.