PURE STORAGE INC - CLASS A (PSTG) Stock Technical Analysis
NYSE:PSTG - New York Stock Exchange, Inc. - US74624M1027 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PSTG. PSTG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
PSTG has an average volume of 2775420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, PSTG turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
PSTG is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 51% of 32 stocks in the same industry.
PSTG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PSTG is lagging the market.
In the last month PSTG has a been trading in the 50.20 - 59.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PSTG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 55.51, a Stop Loss order could be placed below this zone.
More info and screens
37.59
58.80
We found 2 important support areas.
- A support zone ranging from 51.57 to 51.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.97 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 55.46 to 55.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 56.65 to 56.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @58.22 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 | 62.33 | NEUTRAL | PSTG is not amongst the best or worst performers 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) | 54.8 | NEUTRAL | The RSI value for PSTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests PSTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.09 | NEUTRAL | The Stochastics value for PSTG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for PSTG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.18 | NEGATIVE | The low ADX value for PSTG suggests a weak or negative 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 |
|---|---|---|---|
| 56.95 | 54.97 | 1.98 (3.48%) | 25.00% |
| An entry @56.95. This is a Buy Stop order right above the resistance zone. | An exit @54.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.98 points, which is 3.48%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- The distance between exit and entry is rather small compared to the average daily movement of PSTG. 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.
NYSE:PSTG (7/14/2025, 2:34:09 PM)
55.15
-1.21 (-2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-2.15%
1 Week-1%
2 Weeks1.33%
1 Month2.58%
3 Month37.2%
6 Month-12.93%
12 Month-13.56%
2 Year52.37%
3 Year98.8%
5 Year215.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.79
ATR(20)%3.27%
ATR Inc5.14%
Range Today1.18
ADR(20)1.76
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.33
Mansfield-0.52
10 Day High59.31
10 Day Low54.72
20 Day High59.31
20 Day Low50.2
52 Week High73.67
52 Week Low34.51
CS1 End55.51
CR1 Start56.65
Volume & EV
DER(3)0.44%
DER(5)0.57%
Volume937.83K
Volume Incr-9.08%
Vol(5)2.41M
Vol(50)2.78M