PURPLE INNOVATION INC (PRPL) Stock Technical Analysis
NASDAQ:PRPL - Nasdaq - US74640Y1064 - Common Stock
We assign a technical rating of 6 out of 10 to PRPL. In the past year, PRPL was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
PRPL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PRPL is part of the Household Durables industry. There are 67 other stocks in this industry. PRPL outperforms 75% of them.
In the last month PRPL has a been trading in the 0.75 - 1.03 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, PRPL outperforms 60% of them, which is more or less in line with the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PRPL has an average technical rating and it also does not offer a high 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
0.73
1.20
We found 4 important support areas.
- Support @1.04 from a horizontal line in the daily time frame.
- A support zone ranging from 1.00 to 1.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.78 from a trend line in the weekly time frame.
- Support @0.74 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.12
Mansfield-2.43
10 Day High1.03
10 Day Low0.76
20 Day High1.03
20 Day Low0.75
52 Week High2.33
52 Week Low0.75
Performance
1 Week13.71%
2 Weeks31.96%
1 Month19.05%
3 Month17.92%
6 Month-29.37%
12 Month-3.81%
2 Year-82.59%
3 Year-87.86%
5 Year-91.96%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)64.44
LBB0.71
UBB1.03
PURPLE INNOVATION INC
NASDAQ:PRPL (1/22/2025, 2:30:36 PM)
1.185
+0.18 (+17.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg17.33%
1 Week13.71%
2 Weeks31.96%
1 Month19.05%
3 Month17.92%
6 Month-29.37%
12 Month-3.81%
2 Year-82.59%
3 Year-87.86%
5 Year-91.96%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%7.19%
ATR Inc6%
Range Today0.22
ADR(20)0.07
ADR(20)%6.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.12
Mansfield-2.43
10 Day High1.03
10 Day Low0.76
20 Day High1.03
20 Day Low0.75
52 Week High2.33
52 Week Low0.75
CS1 End1
CR1 Start1.04
Volume & EV
DER(3)-4.05%
DER(5)-5.8%
Volume1.01M
Volume Incr23.53%
Vol(5)543.94K
Vol(50)400.93K