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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 2024-01-31 View latest technical analysis

10 day averaged volume of Pure Storage is 3913920

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	39.99	40.63	40.80	39.80	0.884 times
30 Tue Jan 2024	41.15	41.67	41.95	40.99	0.587 times
29 Mon Jan 2024	41.47	40.70	41.61	40.65	0.8 times
26 Fri Jan 2024	40.67	40.96	41.39	40.62	0.663 times
25 Thu Jan 2024	41.28	42.43	42.47	41.27	0.683 times
24 Wed Jan 2024	41.94	41.10	42.48	40.97	1.078 times
23 Tue Jan 2024	40.72	41.25	41.41	40.55	0.823 times
22 Mon Jan 2024	41.18	41.48	42.08	41.02	1.475 times
19 Fri Jan 2024	40.90	39.40	40.91	39.14	1.591 times
18 Thu Jan 2024	38.93	37.52	39.02	37.26	1.364 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 40.9 as stoploss in an intra day sell trade for a target of 38.78. However, stock will show a bullish move above 40.9.

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	39.80
Upside Target	40.50
Upside Target	40.55
Upside Target	40.91
Upside Target	41.95
Upside Target	42.48

Intraday share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Intraday Target	39.21
Downside Intraday Target	38.43
Upside Intraday Target	41.36
Upside Intraday Target	42.73
Upside Intraday Target	40.58

Weekly technical analysis of Pure Storage (PSTG)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	39.99	40.70	41.95	39.80	0.481 times
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

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
31 Wed Jan 2024	39.99	35.28	42.48	34.32	1.933 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 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 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 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 Weak and stock is losing momentum.

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

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 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 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 40.76 and Pure Storage (PSTG) stock is trading below this level. This means that stock is falling with high volumes. 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.