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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 2024-11-01 View latest technical analysis

10 day averaged volume of Pure Storage is 2426960

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	50.95	50.34	51.52	50.26	0.79 times
31 Thu Oct 2024	50.05	52.70	52.72	49.90	1.248 times
30 Wed Oct 2024	53.41	54.70	54.97	52.81	0.915 times
29 Tue Oct 2024	55.07	54.16	55.16	53.77	0.627 times
28 Mon Oct 2024	54.07	54.31	54.64	54.07	0.452 times
25 Fri Oct 2024	54.05	54.09	54.71	53.90	0.624 times
24 Thu Oct 2024	53.45	52.60	53.52	52.37	0.562 times
23 Wed Oct 2024	52.38	52.57	53.38	51.99	0.822 times
22 Tue Oct 2024	53.01	55.50	55.75	52.53	2.157 times
21 Mon Oct 2024	57.56	56.94	57.96	56.65	1.241 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51.7, but if it comes above 51.7, then a intra day buy could be more profitable.
If you take a sell trade below 51.7, then use 51.7 as stoploss and 49.5 as target. However if you take a buy trade in stock , then use 51.7 as stoploss and 53.54 as target.

Share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Target	44.76
Downside Target	48.51
Downside Target	49.79
Upside Target	53.74
Upside Target	55.16
Upside Target	55.29
Upside Target	57.43
Upside Target	57.96
Upside Target	63.10
Upside Target	68.34

Intraday share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Intraday Target	48.85
Downside Intraday Target	46.74
Upside Intraday Target	54.11
Upside Intraday Target	57.26
Upside Intraday Target	52

Weekly technical analysis of Pure Storage (PSTG)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	50.95	54.31	55.16	49.90	0.746 times
25 Fri Oct 2024	54.05	56.94	57.96	51.99	0.962 times
18 Fri Oct 2024	57.07	53.64	57.43	52.43	1.306 times
11 Fri Oct 2024	53.20	51.07	53.74	51.00	0.845 times
04 Fri Oct 2024	51.24	49.18	51.45	48.51	0.826 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
01 Fri Nov 2024	50.95	50.34	51.52	50.26	0.036 times
31 Thu Oct 2024	50.05	50.05	57.96	48.51	0.773 times
30 Mon Sep 2024	50.24	50.76	51.58	44.76	0.985 times
30 Fri Aug 2024	51.29	59.38	63.10	49.79	1.159 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Pure Storage ( (PSTG) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Pure Storage ( (PSTG) ) based on a mid to longer 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.

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

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

Pure Storage Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 SELL signal in short term but selling 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 53.31 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 positive

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