PURE STORAGE INC - CLASS A (PSTG) Stock Technical Analysis
USA - NYSE:PSTG - US74624M1027 - Common Stock
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.
PSTG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for PSTG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
68.09
When analyzing the support we can see 3 important areas.
- Support @92.15 from a trend line in the daily time frame.
- Support @88.90 from a horizontal line in the daily time frame.
- Support @68.78 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 95.41 to 95.73. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 95.24 | POSITIVE | PSTG has a high relative strength, it outperformed 95.24% 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) | 58.53 | NEUTRAL | The RSI value for PSTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests PSTG has a negative trend. |
| Stochastics (14,3) | 81.42 | OVERBOUGHT | The high Stochastics value suggests PSTG may be overbought. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for PSTG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.79 | NEGATIVE | The low ADX value for PSTG suggests a weak or negative trend. |
95.1
-3.5 (-3.55%)
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 58.534. This indicates that the stock is currently neutral.
What is the MACD signal for PSTG stock?
The MACD indicator for PURE STORAGE INC - CLASS A (PSTG) has a value of -0.0956294, 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.