PURE STORAGE INC - CLASS A (PSTG) Stock Technical Analysis
NYSE:PSTG - US74624M1027 - Common Stock
79.23 USD
+0.5 (+0.64%)
78.5495 USD
-0.68 (-0.86%)
Overall PSTG gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PSTG is one of the better performing stocks in the market, outperforming 92% of all stocks.
PSTG is part of the Technology Hardware, Storage & Peripherals industry. There are 33 other stocks in this industry. PSTG outperforms 81% of them.
PSTG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
PSTG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
PSTG has an average volume of 2910970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PSTG 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
53.93
80.02
4 important support areas can be observed.
- Support @77.47 from a horizontal line in the daily time frame.
- A support zone ranging from 59.61 to 59.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.95 to 57.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.47 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 PSTG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSTG is up. |
| ChartMill Relative Strength | 92.77 | POSITIVE | PSTG has a high relative strength, it outperformed 92.77% 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) | 77.04 | OVERBOUGHT | The high RSI value suggests PSTG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.11 | POSITIVE | The MACD value suggests PSTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.16 | OVERBOUGHT | The high Stochastics value suggests PSTG may be overbought. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for PSTG suggests some volalility. |
| Average Directional Index/ADX (14) | 28.06 | POSITIVE | The high ADX value value for PSTG 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)
79.23
+0.5 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg0.64%
1 Week-1.63%
2 Weeks42.17%
1 Month37.05%
3 Month43.3%
6 Month60.97%
12 Month73.26%
2 Year122.43%
3 Year189.48%
5 Year414.82%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.52
ATR(20)%3.74%
ATR Inc-6.52%
Range Today1.95
ADR(20)2.5
ADR(20)%3.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.77
Mansfield2.93
10 Day High80.68
10 Day Low55.47
20 Day High80.68
20 Day Low54.37
52 Week High80.68
52 Week Low34.51
CS1 End77.47
CR1 StartN/A
Volume & EV
DER(3)0.14%
DER(5)0.21%
Volume3.92M
Volume Incr58.54%
Vol(5)5.09M
Vol(50)2.91M