PURE STORAGE INC - CLASS A (PSTG) Stock Technical Analysis
NYSE:PSTG - New York Stock Exchange, Inc. - US74624M1027 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to PSTG. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
81% of all other stocks performed better in the past year than PSTG.
PSTG is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month PSTG has a been trading in the 34.51 - 48.34 range, which is quite wide. It is currently trading near the high of this range.
PSTG has an average volume of 3198580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PSTG is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 41% of 32 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
36.98
46.17
When analyzing the support we can see 3 important areas.
- Support @41.42 from a trend line in the daily time frame.
- Support @40.20 from a horizontal line in the daily time frame.
- Support @37.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.71 to 45.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.18
Mansfield-1.75
10 Day High45.93
10 Day Low39.72
20 Day High48.34
20 Day Low34.51
52 Week High73.67
52 Week Low34.51
Performance
1 Week9.46%
2 Weeks9.02%
1 Month-5.66%
3 Month-36.66%
6 Month-15.45%
12 Month-13.69%
2 Year100.18%
3 Year55.97%
5 Year217.36%
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)0.97
RSI(14)51.99
LBB37.6
UBB46.01
45.7
+0.57 (+1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg1.26%
1 Week9.46%
2 Weeks9.02%
1 Month-5.66%
3 Month-36.66%
6 Month-15.45%
12 Month-13.69%
2 Year100.18%
3 Year55.97%
5 Year217.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.78
ATR(20)%6.35%
ATR Inc-36.99%
Range Today1.34
ADR(20)2.41
ADR(20)%5.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.18
Mansfield-1.75
10 Day High45.93
10 Day Low39.72
20 Day High48.34
20 Day Low34.51
52 Week High73.67
52 Week Low34.51
CS1 End41.42
CR1 Start45.71
Volume & EV
DER(3)-0.49%
DER(5)-0.1%
Volume1.81M
Volume Incr-34.49%
Vol(5)2.24M
Vol(50)3.20M