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(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 2024-11-18 View latest technical analysis

10 day averaged volume of Purple Innovation is 464180

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	0.82	0.82	0.83	0.79	0.794 times
15 Fri Nov 2024	0.82	0.86	0.87	0.81	1.033 times
14 Thu Nov 2024	0.85	0.84	0.89	0.83	0.623 times
13 Wed Nov 2024	0.85	0.86	0.88	0.83	0.558 times
12 Tue Nov 2024	0.86	0.89	0.90	0.85	0.668 times
11 Mon Nov 2024	0.89	0.83	0.89	0.83	0.905 times
08 Fri Nov 2024	0.84	0.84	0.85	0.82	0.973 times
07 Thu Nov 2024	0.81	0.86	0.86	0.81	1.43 times
06 Wed Nov 2024	0.85	0.87	0.87	0.84	1.061 times
05 Tue Nov 2024	0.83	0.93	0.93	0.83	1.636 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 0.8 as stoploss in an intra day buy trade for a target of 0.87. However, stock will show a bearish move below 0.8.

Share price targets for Purple Innovation (PRPL)

Target Type	Value
Downside Target	0.79
Downside Target	0.81
Upside Target	0.83
Upside Target	0.85
Upside Target	0.90
Upside Target	0.94
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	0.8
Downside Intraday Target	0.77
Upside Intraday Target	0.84
Upside Intraday Target	0.85
Downside Intraday Target	0.81

Weekly technical analysis of Purple Innovation (PRPL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	0.82	0.82	0.83	0.79	0.21 times
15 Fri Nov 2024	0.82	0.83	0.90	0.81	0.61 times
08 Fri Nov 2024	0.84	0.91	0.94	0.81	2.555 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

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
18 Mon Nov 2024	0.82	0.91	0.94	0.79	0.922 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 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 neutral. A longer time frame might give a better analysis.

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 to mid 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 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 SELL signal for Purple Innovation in short term and the sell signal is strong.

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 red color and prices are below the red 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 0.84 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 negative.

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