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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 2024-12-31 View latest technical analysis

10 day averaged volume of Purple Innovation is 401391

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	0.78	0.85	0.85	0.77	1.34 times
30 Mon Dec 2024	0.83	0.84	0.88	0.79	1.176 times
27 Fri Dec 2024	0.84	0.88	0.90	0.84	1.169 times
26 Thu Dec 2024	0.89	0.87	0.91	0.87	1.207 times
24 Tue Dec 2024	0.89	0.86	0.89	0.86	0.435 times
23 Mon Dec 2024	0.89	0.91	0.91	0.87	0.797 times
20 Fri Dec 2024	0.91	0.86	0.94	0.86	1.244 times
19 Thu Dec 2024	0.88	0.88	0.90	0.84	1.016 times
18 Wed Dec 2024	0.85	0.91	0.93	0.84	1.111 times
17 Tue Dec 2024	0.90	0.93	0.93	0.89	1.155 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 0.8, for a target of 0.9 or 0.91

Share price targets for Purple Innovation (PRPL)

Target Type	Value
Downside Target	0.77
Upside Target	0.79
Upside Target	0.84
Upside Target	0.88
Upside Target	0.91
Upside Target	0.96
Upside Target	0.98
Upside Target	1.00
Upside Target	1.04
Upside Target	1.19
Upside Target	1.40

Intraday share price targets for Purple Innovation (PRPL)

Target Type	Value
Downside Intraday Target	0.74
Downside Intraday Target	0.7
Upside Intraday Target	0.85
Upside Intraday Target	0.92
Upside Intraday Target	0.81

Weekly technical analysis of Purple Innovation (PRPL)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	0.78	0.84	0.88	0.77	0.697 times
27 Fri Dec 2024	0.84	0.91	0.91	0.84	0.692 times
20 Fri Dec 2024	0.91	0.93	0.99	0.84	1.126 times
13 Fri Dec 2024	0.94	0.99	1.04	0.89	18.34 times
26 Tue Nov 2024	0.92	0.96	0.96	0.92	0.163 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 Purple Innovation (PRPL)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	0.78	0.99	1.04	0.77	0.913 times
26 Tue Nov 2024	0.92	0.91	0.98	0.79	1.246 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

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

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 SELL signal for Purple Innovation in short term and the sell signal is strong.

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 coming down

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 0.86 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.