PURE STORAGE INC - CLASS A (PSTG) Stock Technical Analysis
NYSE:PSTG • US74624M1027
Taking everything into account, PSTG scores 1 out of 10 in our technical rating. PSTG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month PSTG has a been trading in the 61.16 - 76.84 range, which is quite wide. It is currently trading near the lows of this range.
- PSTG is part of the Technology Hardware, Storage & Peripherals industry. There are 36 other stocks in this industry. PSTG outperforms 71% of them.
- PSTG has an average volume of 3739660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, PSTG outperforms 68% of them, which is more or less in line with the market.
- 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.
- Volume is considerably higher in the last couple of days.
PSTG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 64.22, a Stop Loss order could be placed below this zone.
More info and screens
63.58
When analyzing the support we notice one important area.
- A support zone ranging from 64.22 to 64.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 69.83 to 71.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 73.93 to 73.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @75.87 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 | NEUTRAL | NEUTRAL | The long term trend for PSTG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PSTG is down. |
| ChartMill Relative Strength | 68.58 | NEUTRAL | PSTG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PSTG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PSTG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PSTG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.9 | NEUTRAL | The RSI value for PSTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.81 | NEGATIVE | The MACD value suggests PSTG has a negative trend. |
| Stochastics (14,3) | 26.04 | NEUTRAL | The Stochastics value for PSTG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.2 | HIGH VOLATILITY | The high ATR as a percentage value for PSTG suggests high volalility. |
| Average Directional Index/ADX (14) | 12.01 | NEGATIVE | The low ADX value for PSTG suggests a weak or negative trend. |
65.53
+1.31 (+2.04%)
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 1 / 10 to PSTG.
What is the trend direction for PSTG stock?
The current trend direction for PURE STORAGE INC - CLASS A (PSTG) is Bearish.
Can you provide the RSI signal for PURE STORAGE INC - CLASS A?
PURE STORAGE INC - CLASS A (PSTG) has an RSI value of 42.8956. This indicates that the stock is currently neutral.
What is the MACD signal for PURE STORAGE INC - CLASS A (PSTG) stock?
The MACD indicator for PURE STORAGE INC - CLASS A (PSTG) has a value of -0.807181, indicating a bearish trend.