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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.

Showing technical analysis as on 2024-04-22 View latest technical analysis

10 day averaged volume of Pure Storage is 3054810

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	50.51	49.90	50.52	48.90	0.926 times
19 Fri Apr 2024	49.46	50.32	50.85	48.58	1.569 times
18 Thu Apr 2024	51.82	52.23	52.78	51.20	0.69 times
17 Wed Apr 2024	52.32	53.39	54.07	52.29	0.979 times
16 Tue Apr 2024	53.31	51.91	53.36	51.59	1.196 times
15 Mon Apr 2024	52.30	53.93	54.29	52.26	1.012 times
12 Fri Apr 2024	53.43	53.97	54.75	53.16	0.889 times
11 Thu Apr 2024	54.99	53.75	55.09	53.40	1.282 times
10 Wed Apr 2024	53.14	51.49	53.50	51.35	0.911 times
09 Tue Apr 2024	52.73	53.42	53.74	51.77	0.798 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51.4, but if it comes above 51.4, then a intra day buy could be more profitable.
If you take a sell trade below 51.4, then use 51.4 as stoploss and 50 as target. However if you take a buy trade in stock , then use 51.4 as stoploss and 52.54 as target.

Share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Target	31.79
Downside Target	34.32
Downside Target	37.70
Downside Target	38.78
Downside Target	42.48
Downside Target	48.58
Downside Target	50.30
Upside Target	52.76
Upside Target	53.82
Upside Target	54.29
Upside Target	54.97
Upside Target	55.09
Upside Target	58.46

Intraday share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Intraday Target	49.43
Downside Intraday Target	48.36
Upside Intraday Target	51.05
Upside Intraday Target	51.6
Downside Intraday Target	49.98

Weekly technical analysis of Pure Storage (PSTG)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	50.51	49.90	50.52	48.90	0.17 times
19 Fri Apr 2024	49.46	53.93	54.29	48.58	1.195 times
12 Fri Apr 2024	53.43	54.06	55.09	51.35	0.914 times
05 Fri Apr 2024	53.79	52.00	54.97	50.30	1.569 times
28 Thu Mar 2024	51.99	51.55	53.82	51.55	0.589 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
22 Mon Apr 2024	50.51	52.00	55.09	48.58	0.569 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	0.549 times
31 Wed Jan 2024	39.99	35.28	42.48	34.32	1.933 times

Scroll below to view daily charts

Price has moved down 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)

Price action analysis of Pure Storage ( (PSTG) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Pure Storage ( (PSTG) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Pure Storage in short term but the sell signal is initial and weak.

Pure Storage Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Pure Storage in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 52.33 and Pure Storage (PSTG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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