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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 2024-03-06 View latest technical analysis

10 day averaged volume of Pure Storage is 5922050

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	56.93	56.47	57.91	56.05	0.8 times
05 Tue Mar 2024	54.92	55.24	55.67	53.97	0.644 times
04 Mon Mar 2024	55.72	55.72	56.42	54.69	0.978 times
01 Fri Mar 2024	55.33	52.22	56.00	52.14	1.779 times
29 Thu Feb 2024	52.65	47.58	52.76	47.58	2.271 times
28 Wed Feb 2024	42.12	41.00	42.52	40.95	1.188 times
27 Tue Feb 2024	41.48	41.75	42.13	41.29	0.48 times
26 Mon Feb 2024	41.50	40.82	41.77	40.79	0.487 times
23 Fri Feb 2024	40.57	41.25	41.47	40.52	0.65 times
22 Thu Feb 2024	41.19	40.67	41.37	40.32	0.629 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 58.1, for a target of 51.2 or 45.49

Share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Target	31.00
Downside Target	31.79
Downside Target	34.32
Downside Target	37.70
Downside Target	40.79
Downside Target	42.48
Downside Target	45.22
Downside Target	52.14
Downside Target	52.76
Downside Target	53.97
Downside Target	56.00
Upside Target	57.91

Intraday share price targets for Pure Storage (PSTG)

Target Type	Value
Downside Intraday Target	54.63
Downside Intraday Target	52.33
Upside Intraday Target	58.57
Upside Intraday Target	60.21
Downside Intraday Target	56.27

Weekly technical analysis of Pure Storage (PSTG)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	56.93	55.72	57.91	53.97	0.39 times
01 Fri Mar 2024	55.33	40.82	56.00	40.79	2.019 times
23 Fri Feb 2024	40.57	41.43	41.61	38.78	1.299 times
16 Fri Feb 2024	42.95	44.75	45.34	41.35	0.898 times
09 Fri Feb 2024	44.75	42.29	45.22	40.91	1.049 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
06 Wed Mar 2024	56.93	52.22	57.91	52.14	0.311 times
29 Thu Feb 2024	52.65	40.37	52.76	38.78	0.549 times
31 Wed Jan 2024	39.99	35.28	42.48	34.32	1.933 times
29 Fri Dec 2023	35.66	33.21	37.70	31.79	1.04 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 and the buying is gaining 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 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 50.06 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.