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's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
PSTG has a poor technical rating and the quality of the setup is also 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
65.04
When analyzing the support we notice one important area.
- Support @65.70 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 68.00 to 69.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @89.79 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 | 18.9 | NEGATIVE | PSTG has a low relative strength, it was outperformed by 81.1% 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) | 40.89 | NEUTRAL | The RSI value for PSTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests PSTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.8 | NEUTRAL | The Stochastics value for PSTG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for PSTG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.8 | NEUTRAL | The ADX value for PSTG suggests a possible start of a new trend. |
66.98
+1.28 (+1.95%)
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 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 40.8896. 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 0.522183, indicating a bearish trend.
What is the buy/sell signal for PURE STORAGE INC - CLASS A (PSTG) stock?
The buy/sell signal for PURE STORAGE INC - CLASS A (PSTG) is sell as both the short term and long term trends are negative.