Technical Analysis for PSTG - Pure Storage, Inc.

Grade Last Price % Change Price Change
A 33.63 0.93% 0.31
PSTG closed up 5.61 percent on Tuesday, December 7, 2021, on 1.6 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical PSTG trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.93%
New 52 Week High Strength 0.93%
Above Upper BB Strength 0.93%
Gapped Up Strength 0.93%
Overbought Stochastic Strength 0.93%
Upper Bollinger Band Touch Strength 0.93%
Stochastic Reached Overbought Strength 6.59%
Overbought Stochastic Strength 6.59%
Upper Bollinger Band Walk Strength 6.42%
Upper Bollinger Band Touch Strength 6.42%
Older End-of-Day Signals for PSTG ...

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Profile

Pure Storage, Inc. provides an enterprise data storage platform in the United States, Europe, and Asia. The company's storage platform integrates the Purity Operating Environment, a flash-optimized software; FlashArray, a modular and scalable all-flash array hardware; and Pure1, a cloud-based management and support platform. Its customers include large and mid-size organizations across various industries, including cloud-based software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail, and telecommunications. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was founded in 2009 and is headquartered in Mountain View, California.
Classification

Sector: Technology
Industry: Data Storage
Keywords: Computing Telecommunications Cloud Computing Cloud Infrastructure Flash Cloud Based Software Computer Data Storage Storage Platform

Is PSTG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 33.7
52 Week Low 16.79
Average Volume 3,700,123
200-Day Moving Average 22.66
50-Day Moving Average 27.57
20-Day Moving Average 29.55
10-Day Moving Average 30.99
Average True Range 1.39
ADX 41.5
+DI 31.85
-DI 9.58
Chandelier Exit (Long, 3 ATRs) 29.52
Chandelier Exit (Short, 3 ATRs) 31.00
Upper Bollinger Bands 33.17
Lower Bollinger Band 25.92
Percent B (%b) 1.02
BandWidth 24.54
MACD Line 1.35
MACD Signal Line 1.05
MACD Histogram 0.3062
Fundamentals Value
Market Cap 8.94 Billion
Num Shares 268 Million
EPS -0.91
Price-to-Earnings (P/E) Ratio -36.74
Price-to-Sales 2.91
Price-to-Book 6.72
PEG Ratio 3.76
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 35.35
Resistance 3 (R3) 35.25 34.47 35.01
Resistance 2 (R2) 34.47 33.96 34.52 34.89
Resistance 1 (R1) 33.90 33.64 34.19 34.00 34.78
Pivot Point 33.12 33.12 33.27 33.17 33.12
Support 1 (S1) 32.55 32.61 32.84 32.65 31.86
Support 2 (S2) 31.77 32.29 31.82 31.75
Support 3 (S3) 31.20 31.77 31.63
Support 4 (S4) 31.30