Technical Analysis for PSTG - Pure Storage, Inc.

Grade Last Price % Change Price Change
B 58.85 -1.24% -0.74
PSTG closed down 1.24 percent on Thursday, May 16, 2024, on 69 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 29
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week Closing High Bullish -1.24%
Expansion Breakout Bullish Swing Setup -1.24%
Pocket Pivot Bullish Swing Setup -1.24%
New 52 Week High Strength -1.24%
Upper Bollinger Band Walk Strength -1.24%
Above Upper BB Strength -1.24%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 2 hours ago
Fell Below Upper Bollinger Band about 3 hours ago
Down 1% about 4 hours ago
Possible NR7 about 4 hours ago
60 Minute Opening Range Breakout about 7 hours ago

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Profile

Pure Storage, Inc. provides an enterprise data storage platform in the United States, Europe, and Asia. The company's storage platform integrates the Purity Operating Environment, a flash-optimized software; FlashArray, a modular and scalable all-flash array hardware; and Pure1, a cloud-based management and support platform. Its customers include large and mid-size organizations across various industries, including cloud-based software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail, and telecommunications. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was founded in 2009 and is headquartered in Mountain View, California.
Classification

Sector: Technology
Industry: Data Storage
Keywords: Computing Telecommunications Cloud Computing Cloud Infrastructure Flash Cloud Based Software Computer Data Storage Storage Platform

Is PSTG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 59.805
52 Week Low 24.0
Average Volume 3,127,868
200-Day Moving Average 41.40
50-Day Moving Average 52.82
20-Day Moving Average 53.13
10-Day Moving Average 55.05
Average True Range 1.79
RSI (14) 68.15
ADX 16.1
+DI 38.00
-DI 15.32
Chandelier Exit (Long, 3 ATRs) 54.43
Chandelier Exit (Short, 3 ATRs) 53.95
Upper Bollinger Bands 58.41
Lower Bollinger Band 47.84
Percent B (%b) 1.04
BandWidth 19.90
MACD Line 1.51
MACD Signal Line 0.81
MACD Histogram 0.7018
Fundamentals Value
Market Cap 18.6 Billion
Num Shares 316 Million
EPS 0.22
Price-to-Earnings (P/E) Ratio 267.50
Price-to-Sales 4.94
Price-to-Book 12.31
PEG Ratio 5.57
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 60.60
Resistance 3 (R3) 60.72 60.26 60.31
Resistance 2 (R2) 60.26 59.82 60.20 60.21
Resistance 1 (R1) 59.56 59.54 59.33 59.43 60.11
Pivot Point 59.10 59.10 58.98 59.04 59.10
Support 1 (S1) 58.39 58.65 58.16 58.27 57.59
Support 2 (S2) 57.93 58.38 57.87 57.49
Support 3 (S3) 57.23 57.93 57.39
Support 4 (S4) 57.10