Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-04 View latest technical analysis

10 day averaged volume of Purple Innovation is 265900

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	0.94	0.91	0.94	0.88	1.943 times
01 Fri Nov 2024	0.91	0.91	0.93	0.90	0.707 times
31 Thu Oct 2024	0.89	0.90	0.93	0.85	1.23 times
30 Wed Oct 2024	0.89	0.91	0.94	0.89	1.032 times
29 Tue Oct 2024	0.91	0.91	0.92	0.89	0.429 times
28 Mon Oct 2024	0.91	0.87	0.92	0.86	0.846 times
25 Fri Oct 2024	0.86	0.90	0.90	0.85	1.619 times
24 Thu Oct 2024	0.90	0.92	0.94	0.89	0.996 times
23 Wed Oct 2024	0.94	0.89	0.98	0.88	1.095 times
22 Tue Oct 2024	0.90	0.90	0.91	0.89	1.08 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 0.9, but if it comes below 0.9, then a intra day sell could be more profitable.
If you take a sell trade below 0.9, then use 0.9 as stoploss and 0.91 as target. However if you take a buy trade in stock , then use 0.9 as stoploss and 1 as target.

Share price targets for Purple Innovation (PRPL)

Target Type	Value
Downside Target	0.85
Downside Target	0.87
Downside Target	0.94
Upside Target	0.97
Upside Target	0.98
Upside Target	0.99
Upside Target	1.00
Upside Target	1.19
Upside Target	1.40
Upside Target	1.50

Intraday share price targets for Purple Innovation (PRPL)

Target Type	Value
Downside Intraday Target	0.9
Downside Intraday Target	0.86
Upside Intraday Target	0.96
Upside Intraday Target	0.98
Downside Intraday Target	0.92

Weekly technical analysis of Purple Innovation (PRPL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	0.94	0.91	0.94	0.88	0.458 times
01 Fri Nov 2024	0.91	0.87	0.94	0.85	0.738 times
25 Fri Oct 2024	0.86	0.92	0.98	0.85	1.634 times
18 Fri Oct 2024	0.94	0.90	0.95	0.87	1.07 times
11 Fri Oct 2024	0.90	0.95	0.97	0.89	0.449 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 Purple Innovation (PRPL)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	0.94	0.91	0.94	0.88	0.125 times
31 Thu Oct 2024	0.89	0.99	1.00	0.85	0.777 times
30 Mon Sep 2024	0.99	1.16	1.19	0.98	1.052 times
30 Fri Aug 2024	1.20	1.36	1.40	1.00	0.644 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 Purple Innovation (PRPL)

Price action analysis of Purple Innovation ( (PRPL) ) 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 Purple Innovation ( (PRPL) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Purple Innovation ( (PRPL) ) based on a short to mid 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 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 losing momentum.

MACD generated a BUY signal for Purple Innovation in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Purple Innovation Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Purple Innovation 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 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 0.9 and Purple Innovation (PRPL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive returns over a short term period. Returns for a longer term period have been negative.

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