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(PSTG) Pure Storage complete technical analysis [charts+indicators] | Buy/Sell Pure Storage | (PSTG) share price targets

Complete technical analysis of Pure Storage (PSTG) by charts plus indicators, forecast predictions and share price targets for Pure Storage (PSTG)

Pure Storage trades in USA in Technology sector.

10 day averaged volume of Pure Storage is 2594209

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 58.85 59.50 59.81 58.64 0.837 times
15 Wed May 2024 59.59 56.85 59.75 56.54 1.841 times
14 Tue May 2024 56.41 54.14 56.57 54.14 1.625 times
13 Mon May 2024 54.33 54.41 54.83 53.91 0.814 times
10 Fri May 2024 54.41 54.47 54.50 53.60 0.56 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 58.9, for a target of 55.8 or 53.13

Share price targets for Pure Storage (PSTG)

Target Type Value
Downside Target 34.32
Downside Target 38.78
Downside Target 42.48
Downside Target 48.58
Downside Target 52.42
Downside Target 53.91
Downside Target 54.29
Downside Target 54.95
Downside Target 55.09
Downside Target 58.46
Upside Target 59.81

Intraday share price targets for Pure Storage (PSTG)

Target Type Value
Downside Intraday Target 55.24
Downside Intraday Target 51.62
Upside Intraday Target 61.14
Upside Intraday Target 63.42
Downside Intraday Target 57.52

Weekly technical analysis of Pure Storage (PSTG)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 58.85 54.41 59.81 53.91 1.231 times
10 Fri May 2024 54.41 52.71 54.95 52.42 0.809 times
03 Fri May 2024 52.24 52.79 53.48 49.45 1.052 times
26 Fri Apr 2024 52.95 49.90 53.18 48.90 0.762 times
19 Fri Apr 2024 49.46 53.93 54.29 48.58 1.195 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Pure Storage (PSTG)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 58.85 50.33 59.81 49.45 0.492 times
30 Tue Apr 2024 50.40 52.00 55.09 48.58 0.752 times
28 Thu Mar 2024 51.99 52.22 58.46 48.89 1.068 times
29 Thu Feb 2024 52.65 40.37 52.76 38.78 0.558 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Pure Storage (PSTG)

Indicator Name Indicator Value Indicator Signal
ADX 42, 12, 56 Buy
MACD 3, 2Buy
Stochastics 95Buy
CCI 160Buy
RSI 60Buy
OBV 5101513Sell
VWAP 56Buy
ADL 0Sell
ROC 14Buy
Force Index 0Sell

Price action analysis of Pure Storage ( (PSTG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Pure Storage ( (PSTG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Pure Storage ( (PSTG) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Pure Storage ( (PSTG) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Pure Storage stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Pure Storage in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Pure Storage Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Pure Storage in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Pure Storage is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 55.65 and Pure Storage (PSTG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Pure Storage (PSTG) stock. Volume based technical analysis of Pure Storage (PSTG) stock is negative.

Pure Storage Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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