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(PRPL) Purple Innovation complete technical analysis [charts+indicators] | Buy/Sell Purple Innovation | (PRPL) share price targets

Complete technical analysis of Purple Innovation (PRPL) by charts plus indicators, forecast predictions and share price targets for Purple Innovation (PRPL)

Purple Innovation trades in USA in Consumer Durables sector.

Showing technical analysis as on 2024-11-06 View latest technical analysis

10 day averaged volume of Purple Innovation is 339130

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	0.85	0.87	0.87	0.84	1.452 times
05 Tue Nov 2024	0.83	0.93	0.93	0.83	2.239 times
04 Mon Nov 2024	0.94	0.91	0.94	0.88	1.523 times
01 Fri Nov 2024	0.91	0.91	0.93	0.90	0.555 times
31 Thu Oct 2024	0.89	0.90	0.93	0.85	0.965 times
30 Wed Oct 2024	0.89	0.91	0.94	0.89	0.809 times
29 Tue Oct 2024	0.91	0.91	0.92	0.89	0.337 times
28 Mon Oct 2024	0.91	0.87	0.92	0.86	0.663 times
25 Fri Oct 2024	0.86	0.90	0.90	0.85	1.27 times
24 Thu Oct 2024	0.90	0.92	0.94	0.89	0.781 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.9, but if it comes above 0.9, then a intra day buy could be more profitable.
If you take a sell trade below 0.9, then use 0.9 as stoploss and 0.8 as target. However if you take a buy trade in stock , then use 0.9 as stoploss and 0.9 as target.

Share price targets for Purple Innovation (PRPL)

Target Type	Value
Downside Target	0.83
Downside Target	0.85
Upside Target	0.87
Upside Target	0.89
Upside Target	0.94
Upside Target	0.97
Upside Target	0.98
Upside Target	0.99
Upside Target	1.00
Upside Target	1.19
Upside Target	1.40
Upside Target	1.50

Intraday share price targets for Purple Innovation (PRPL)

Target Type	Value
Downside Intraday Target	0.81
Downside Intraday Target	0.76
Upside Intraday Target	0.92
Upside Intraday Target	0.98
Upside Intraday Target	0.87

Weekly technical analysis of Purple Innovation (PRPL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	0.85	0.91	0.94	0.83	1.566 times
01 Fri Nov 2024	0.91	0.87	0.94	0.85	0.738 times
25 Fri Oct 2024	0.86	0.92	0.98	0.85	1.634 times
18 Fri Oct 2024	0.94	0.90	0.95	0.87	1.07 times
11 Fri Oct 2024	0.90	0.95	0.97	0.89	0.449 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Purple Innovation (PRPL)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	0.85	0.91	0.94	0.83	0.347 times
31 Thu Oct 2024	0.89	0.99	1.00	0.85	0.777 times
30 Mon Sep 2024	0.99	1.16	1.19	0.98	1.052 times
30 Fri Aug 2024	1.20	1.36	1.40	1.00	0.644 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 Purple Innovation (PRPL)

Price action analysis of Purple Innovation ( (PRPL) ) 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 Purple Innovation ( (PRPL) ) 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 Purple Innovation ( (PRPL) ) 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 Purple Innovation ( (PRPL) ) 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 Purple Innovation stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Purple Innovation 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Purple Innovation 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Purple Innovation is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.88 and Purple Innovation (PRPL) 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 Purple Innovation (PRPL) stock. Volume based technical analysis of Purple Innovation (PRPL) stock is negative.

Purple Innovation 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.