PURE STORAGE INC - CLASS A (PSTG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PSTG - US74624M1027 - Common Stock
Overall PSTG gets a technical rating of 0 out of 10. PSTG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of PSTG is bad and it also does not present a quality setup 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
65.66
We found 2 important support areas.
- Support @69.12 from a horizontal line in the weekly time frame.
- Support @66.32 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 75.85 to 75.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @92.26 from a trend 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 | DOWN | NEGATIVE | The long term trend for PSTG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PSTG is down. |
| ChartMill Relative Strength | 25.82 | NEGATIVE | PSTG has a low relative strength, it was outperformed by 74.18% off all stocks 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 | POSITIVE | The current price of PSTG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.75 | NEUTRAL | The RSI value for PSTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests PSTG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.43 | OVERSOLD | The low Stochastics value suggests PSTG may be oversold. |
| Average True Range in percent/ATR (20) | 6.99 | HIGH VOLATILITY | The high ATR as a percentage value for PSTG suggests high volalility. |
| Average Directional Index/ADX (14) | 27.85 | POSITIVE | The high ADX value value for PSTG suggests a strong trend. |
69.13
+2.07 (+3.09%)
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 0 / 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 Bearish.
Can you provide the RSI signal for PURE STORAGE INC - CLASS A?
PURE STORAGE INC - CLASS A (PSTG) has an RSI value of 39.7464. 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 -0.451871, 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 negative.