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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 2024-01-26 View latest technical analysis

10 day averaged volume of Pure Storage is 3841030

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jan 2024	40.67	40.96	41.39	40.62	0.676 times
25 Thu Jan 2024	41.28	42.43	42.47	41.27	0.696 times
24 Wed Jan 2024	41.94	41.10	42.48	40.97	1.098 times
23 Tue Jan 2024	40.72	41.25	41.41	40.55	0.839 times
22 Mon Jan 2024	41.18	41.48	42.08	41.02	1.503 times
19 Fri Jan 2024	40.90	39.40	40.91	39.14	1.622 times
18 Thu Jan 2024	38.93	37.52	39.02	37.26	1.39 times
17 Wed Jan 2024	36.97	35.80	36.97	35.35	0.953 times
16 Tue Jan 2024	36.12	36.45	36.59	35.47	0.775 times
12 Fri Jan 2024	36.61	37.25	37.58	36.47	0.562 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 40.2, but if it comes below 40.2, then a intra day sell could be more profitable.
If you take a sell trade below 40.2, then use 40.2 as stoploss and 38 as target. However if you take a buy trade in stock , then use 40.2 as stoploss and 42.8 as target.

Share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Target	31.00
Downside Target	31.79
Downside Target	33.33
Downside Target	34.32
Downside Target	35.35
Downside Target	37.75
Downside Target	38.28
Downside Target	40.50
Downside Target	40.55
Upside Target	40.91
Upside Target	42.48

Intraday share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Intraday Target	39.99
Downside Intraday Target	39.3
Upside Intraday Target	41.92
Upside Intraday Target	43.16
Upside Intraday Target	41.23

Weekly technical analysis of Pure Storage (PSTG)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Jan 2024	40.67	41.48	42.48	40.55	1.015 times
19 Fri Jan 2024	40.90	36.45	40.91	35.35	8.431 times
12 Fri Jan 2024	36.61	37.25	37.58	36.47	0.099 times
12 Fri Jan 2024	36.61	36.06	37.75	35.90	0.288 times
05 Fri Jan 2024	35.89	35.28	37.72	34.32	44.515 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
26 Fri Jan 2024	40.67	35.28	42.48	34.32	1.815 times
29 Fri Dec 2023	35.66	33.21	37.70	31.79	1.04 times
30 Thu Nov 2023	33.31	33.68	38.28	31.00	1.698 times
31 Tue Oct 2023	33.81	35.62	36.99	32.05	0.538 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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.

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

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

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 green color and prices are above the green 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 but buying is losing 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 39.8 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 positive

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