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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 2024-08-19 View latest technical analysis

10 day averaged volume of Pure Storage is 2219800

Date Daily Closing Price Open High Low Volume
19 Mon Aug 2024 61.96 62.03 62.30 61.01 0.93 times
16 Fri Aug 2024 62.42 62.10 62.84 61.41 0.702 times
15 Thu Aug 2024 62.54 61.48 63.10 61.31 0.873 times
14 Wed Aug 2024 60.30 60.27 60.62 59.53 0.997 times
13 Tue Aug 2024 59.59 57.96 59.77 57.89 0.983 times
12 Mon Aug 2024 57.19 56.70 58.05 56.57 1.009 times
09 Fri Aug 2024 56.68 55.02 56.91 54.99 1.013 times
08 Thu Aug 2024 55.24 53.95 55.36 53.19 1.005 times
07 Wed Aug 2024 52.75 54.59 55.14 52.43 1.132 times
06 Tue Aug 2024 53.84 53.33 54.64 52.49 0.817 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 60.8, but if it comes below 60.8, then a intra day sell could be more profitable.
If you take a sell trade below 60.8, then use 60.8 as stoploss and 57.82 as target. However if you take a buy trade in stock , then use 60.8 as stoploss and 64.4 as target.

Share price targets for Pure Storage (PSTG)

Target Type Value
Downside Target 48.58
Downside Target 52.67
Downside Target 55.09
Downside Target 58.64
Downside Target 60.70
Upside Target 62.18
Upside Target 62.30
Upside Target 63.10
Upside Target 68.34
Upside Target 68.75
Upside Target 70.41

Intraday share price targets for Pure Storage (PSTG)

Target Type Value
Downside Intraday Target 61.21
Downside Intraday Target 60.47
Upside Intraday Target 62.5
Upside Intraday Target 63.05
Downside Intraday Target 61.76

Weekly technical analysis of Pure Storage (PSTG)

Date Weekly Closing Price Open High Low Volume
19 Mon Aug 2024 61.96 62.03 62.30 61.01 0.204 times
16 Fri Aug 2024 62.42 56.70 63.10 56.57 0.84 times
09 Fri Aug 2024 56.68 49.79 56.91 49.79 0.848 times
02 Fri Aug 2024 54.29 58.66 60.70 52.67 1.101 times
26 Fri Jul 2024 58.27 59.84 62.18 55.75 0.958 times

Price has moved down 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
19 Mon Aug 2024 61.96 59.38 63.10 49.79 0.495 times
31 Wed Jul 2024 59.93 64.30 68.34 55.29 0.807 times
28 Fri Jun 2024 64.21 61.53 70.41 58.64 0.834 times
31 Fri May 2024 60.29 50.33 68.75 49.45 1.406 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 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 neutral. A longer time frame might give a better analysis.

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

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

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 SELL signal for Pure Storage in short term but SELL signal is weak.

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 58.04 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 negative.

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

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 neutral. A longer time frame might give a better analysis.

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

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

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 SELL signal for Pure Storage in short term but SELL signal is weak.

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 58.04 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 negative.

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

Daily charts

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Daily chart
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