PURE STORAGE INC - CLASS A (PSTG)

US74624M1027 - Common Stock

53.54  +0.5 (+0.94%)

Premarket: 66.9 +13.36 (+24.95%)

Technical Rating and Analysis

7

Taking everything into account, PSTG scores 7 out of 10 in our technical rating. In the past year, PSTG was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month PSTG has a been trading in the 45.15 - 54.80 range, which is quite wide. It is currently trading near the high of this range.
PSTG has an average volume of 2667750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PSTG did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
PSTG is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 70% of 31 stocks in the same industry.
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.
Weekly and Daily overview Charts
PSTG Weekly chart
PSTG Daily chart
Setup Rating and Analysis

8

PSTG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 52.80, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

45.26

58.15

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 51.80 to 52.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 48.73 to 49.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 45.72 to 45.72. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

  • Resistance @54.06 from a trend line in the daily time frame.
  • Resistance @55.07 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 57.08 to 57.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.16
Mansfield-0.89
10 Day High54.8
10 Day Low48.52
20 Day High54.8
20 Day Low45.15
52 Week High70.41
52 Week Low32.54
Performance
1 Week-0.37%
2 Weeks8.12%
1 Month7.68%
3 Month17.08%
6 Month-17.55%
12 Month61.41%
2 Year100.08%
3 Year64.49%
5 Year212.92%
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)0.35
RSI(14)55.51
LBB47.68
UBB55.33
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
54.0751.792.28 (4.22%)23.71%
An entry @54.07. This is a Buy Stop order right above the resistance zone.An exit @51.79. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 2.28 points, which is 4.22%.When investing 23.71% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The distance between exit and entry is rather small compared to the average daily movement of PSTG. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PSTG Daily chart

PURE STORAGE INC - CLASS A

NYSE:PSTG (12/3/2024, 8:04:00 PM)

Premarket: 66.9 +13.36 (+24.95%)

53.54

+0.5 (+0.94%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg0.94%
1 Week-0.37%
2 Weeks8.12%
1 Month7.68%
3 Month17.08%
6 Month-17.55%
12 Month61.41%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.1
ATR(20)%3.78%
ATR Inc
Range Today1.23
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High54.8
10 Day Low48.52
20 Day High54.8
20 Day Low45.15
52 Week High70.41
52 Week Low32.54
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume5.74M
Volume Incr-3.37%
Vol(5)2.76M
Vol(50)2.67M