(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 2024-08-05 View latest technical analysis
10 day averaged volume of Purple Innovation is 372130
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 1.18 | 1.15 | 1.28 | 1.10 | 2.254 times |
| 02 Fri Aug 2024 | 1.25 | 1.26 | 1.31 | 1.21 | 1.077 times |
| 01 Thu Aug 2024 | 1.31 | 1.36 | 1.40 | 1.25 | 1.188 times |
| 31 Wed Jul 2024 | 1.38 | 1.34 | 1.43 | 1.33 | 0.764 times |
| 30 Tue Jul 2024 | 1.34 | 1.41 | 1.42 | 1.29 | 0.766 times |
| 29 Mon Jul 2024 | 1.41 | 1.42 | 1.50 | 1.37 | 0.921 times |
| 26 Fri Jul 2024 | 1.43 | 1.37 | 1.47 | 1.33 | 1.001 times |
| 25 Thu Jul 2024 | 1.34 | 1.32 | 1.38 | 1.28 | 0.686 times |
| 24 Wed Jul 2024 | 1.31 | 1.36 | 1.40 | 1.29 | 0.993 times |
| 23 Tue Jul 2024 | 1.37 | 1.37 | 1.47 | 1.31 | 1.527 times |
Stock of Purple Innovation (PRPL) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1.2, but if it comes above 1.2, then a intra day buy could be more profitable.
If you take a sell trade below 1.2, then use 1.2 as stoploss and 1 as target. However if you take a buy trade in stock , then use 1.2 as stoploss and 1.29 as target.
Share price targets for Purple Innovation (PRPL)
| Target Type | Value |
| Downside Target | 0.80 |
| Downside Target | 0.99 |
| Downside Target | 1.02 |
| Downside Target | 1.10 |
| Downside Target | 1.14 |
| Downside Target | 1.18 |
| Upside Target | 1.21 |
| Upside Target | 1.26 |
| Upside Target | 1.40 |
| Upside Target | 1.44 |
| Upside Target | 1.47 |
| Upside Target | 1.50 |
| Upside Target | 1.75 |
| Upside Target | 2.12 |
Intraday share price targets for Purple Innovation (PRPL)
| Target Type | Value |
| Downside Intraday Target | 1.09 |
| Downside Intraday Target | 1.01 |
| Upside Intraday Target | 1.27 |
| Upside Intraday Target | 1.37 |
| Upside Intraday Target | 1.19 |
Weekly technical analysis of Purple Innovation (PRPL)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Mon Aug 2024 | 1.18 | 1.15 | 1.28 | 1.10 | 0.478 times |
| 02 Fri Aug 2024 | 1.25 | 1.42 | 1.50 | 1.21 | 0.893 times |
| 26 Fri Jul 2024 | 1.43 | 1.34 | 1.47 | 1.28 | 0.661 times |
| 19 Fri Jul 2024 | 1.33 | 1.24 | 1.50 | 1.18 | 1.304 times |
| 12 Fri Jul 2024 | 1.23 | 1.05 | 1.26 | 1.02 | 2.743 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 |
| 05 Mon Aug 2024 | 1.18 | 1.36 | 1.40 | 1.10 | 0.157 times |
| 31 Wed Jul 2024 | 1.38 | 1.16 | 1.50 | 0.99 | 1.128 times |
| 28 Fri Jun 2024 | 1.04 | 1.26 | 1.26 | 0.80 | 1.116 times |
| 31 Fri May 2024 | 1.25 | 1.53 | 1.75 | 1.14 | 0.831 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 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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 gaining momentum.
MACD generated a SELL signal for Purple Innovation in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green 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 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 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 1.31 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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 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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 gaining momentum.
MACD generated a SELL signal for Purple Innovation in short term but the sell signal is initial and weak.
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 green color and prices are in or below the green 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 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 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 1.31 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.