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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 2024-05-30 View latest technical analysis

10 day averaged volume of Pure Storage is 3556408

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	63.25	68.50	68.75	61.60	2.191 times
29 Wed May 2024	63.00	61.50	63.06	61.00	1.802 times
28 Tue May 2024	62.52	62.00	62.61	61.43	1.357 times
24 Fri May 2024	61.05	60.03	61.61	59.78	0.976 times
23 Thu May 2024	60.01	62.00	62.22	59.57	0.819 times
22 Wed May 2024	60.31	60.32	60.63	59.81	0.652 times
21 Tue May 2024	59.91	58.77	60.24	58.06	0.759 times
20 Mon May 2024	60.12	59.33	60.44	59.19	0.801 times
17 Fri May 2024	59.15	59.55	60.51	58.82	0.881 times
16 Thu May 2024	58.85	59.50	59.81	58.64	0.61 times

Stock of Pure Storage (PSTG) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 61.3, but if it comes below 61.3, then a intra day sell could be more profitable.
If you take a sell trade below 61.3, then use 61.3 as stoploss and 57.56 as target. However if you take a buy trade in stock , then use 61.3 as stoploss and 65.8 as target.

Share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Target	34.32
Downside Target	38.78
Downside Target	42.48
Downside Target	48.58
Downside Target	52.42
Downside Target	58.06
Downside Target	58.46
Downside Target	60.51
Downside Target	61.00
Downside Target	62.22
Upside Target	68.75

Intraday share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Intraday Target	59.92
Downside Intraday Target	56.58
Upside Intraday Target	67.67
Upside Intraday Target	72.08
Upside Intraday Target	64.33

Weekly technical analysis of Pure Storage (PSTG)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	63.25	62.00	68.75	61.00	1.335 times
24 Fri May 2024	61.05	59.33	62.22	58.06	0.869 times
17 Fri May 2024	59.15	54.41	60.51	53.91	1.521 times
10 Fri May 2024	54.41	52.71	54.95	52.42	0.809 times
03 Fri May 2024	52.24	52.79	53.48	49.45	1.052 times

Price has moved up 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
30 Thu May 2024	63.25	50.33	68.75	49.45	1.059 times
30 Tue Apr 2024	50.40	52.00	55.09	48.58	0.752 times
28 Thu Mar 2024	51.99	52.22	58.46	48.89	1.068 times
29 Thu Feb 2024	52.65	40.37	52.76	38.78	0.549 times

Scroll below to view daily charts

Price has moved up 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 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 gaining 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 moving up

CCI has generated a buy signal for Pure Storage in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 61.45 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.