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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 2024-11-12 View latest technical analysis

10 day averaged volume of Pure Storage is 2262340

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	50.15	52.13	52.63	49.84	2.359 times
11 Mon Nov 2024	52.62	53.29	53.29	52.07	0.89 times
08 Fri Nov 2024	52.91	53.58	53.86	52.68	1.178 times
07 Thu Nov 2024	53.93	54.34	54.73	53.70	0.769 times
06 Wed Nov 2024	54.07	53.32	54.24	52.55	1.401 times
05 Tue Nov 2024	51.15	49.80	51.51	49.78	0.859 times
04 Mon Nov 2024	49.72	51.00	51.10	49.53	1.062 times
01 Fri Nov 2024	50.95	50.34	51.52	50.26	0.847 times
31 Thu Oct 2024	50.05	52.70	52.72	49.90	1.339 times
30 Wed Oct 2024	53.41	54.70	54.97	52.81	0.981 times

Stock of Pure Storage (PSTG) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51.1, but if it comes above 51.1, then a intra day buy could be more profitable.
If you take a sell trade below 51.1, then use 51.1 as stoploss and 48.5 as target. However if you take a buy trade in stock , then use 51.1 as stoploss and 53.28 as target.

Share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Target	44.76
Downside Target	48.51
Downside Target	49.53
Upside Target	51.58
Upside Target	54.73
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	48.9
Downside Intraday Target	47.64
Upside Intraday Target	52.35
Upside Intraday Target	54.54
Upside Intraday Target	51.09

Weekly technical analysis of Pure Storage (PSTG)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	50.15	53.29	53.29	49.84	0.616 times
08 Fri Nov 2024	52.91	51.00	54.73	49.53	1.219 times
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

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
12 Tue Nov 2024	50.15	50.34	54.73	49.53	0.395 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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 and the sell signal is strong.

Pure Storage Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

CCI has generated a SELL signal for Pure Storage in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 51.69 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.