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 2 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.
- 76% of all other stocks performed better in the past year than PSTG.
- PSTG has an average volume of 4389030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- PSTG is part of the Technology Hardware, Storage & Peripherals industry. There are 35 other stocks in this industry, PSTG did better than 58% of them.
- 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 64.27 - 77.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PSTG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 66.98, a Stop Loss order could be placed below this zone.
More info and screens
65.04
We found 1 important support area.
- A support zone ranging from 65.70 to 66.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 72.91 to 73.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 74.61 to 76.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @88.84 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 | NEUTRAL | NEUTRAL | The long term trend for PSTG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PSTG is neutral. |
| ChartMill Relative Strength | 24.85 | NEGATIVE | PSTG has a low relative strength, it was outperformed by 75.15% 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) | 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) | 52.1 | NEUTRAL | The RSI value for PSTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.13 | POSITIVE | The MACD value suggests PSTG has a positive trend. |
| Stochastics (14,3) | 58.44 | NEUTRAL | The Stochastics value for PSTG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for PSTG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.13 | NEGATIVE | The low ADX value for PSTG suggests a weak or negative trend. |
72.9
+0.54 (+0.75%)
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 2 / 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 52.0961. 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 1.13287, indicating a bullish trend.