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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 2024-05-17 View latest technical analysis

10 day averaged volume of Pure Storage is 2594209

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	59.15	59.55	60.51	58.82	1.207 times
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
09 Thu May 2024	54.11	53.77	54.95	53.41	1.125 times
08 Wed May 2024	53.45	52.95	53.97	52.79	0.575 times
07 Tue May 2024	53.18	53.84	54.28	53.13	0.895 times
06 Mon May 2024	53.95	52.71	54.12	52.42	1.003 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 59.8, for a target of 56.4 or 53.61

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	60.51

Intraday share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Intraday Target	55.2
Downside Intraday Target	51.26
Upside Intraday Target	61.8
Upside Intraday Target	64.46
Downside Intraday Target	57.86

Weekly technical analysis of Pure Storage (PSTG)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	59.15	54.41	60.51	53.91	1.521 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Pure Storage (PSTG)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri May 2024	59.15	50.33	60.51	49.45	0.541 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	0.549 times

Scroll below to view daily charts

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)

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 gaining 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 green color and prices are above the green cloud Prices appear to be moving up

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 56.29 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.