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Takip Edin: @UscMarketsPSTG Stock Forecast & Pure Storage Chart Analysis
This article provides a detailed analysis of PSTG-Pure Storage stock including a forecast for PSTG shares. It features Pure Storage, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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PSTG Historical Data Review
PSTG Current Price Performance Analysis
The Pure Storage - PSTG stock traded on the American stock market, on 06-05-2024, closed at 63.48$ with a %5.03 increased compared to the previous day.
In the last month, the price of PSTG changed by %17.66 increased in value, from 53.95 dollars on 05-06-2024 to 63.48 dollars, increased.
Last year, the price of PSTG was 34.9 dollars on 06-06-2023, and changed by %81.89 increased in value, to 63.48 dollars increased within a year.
The price of Pure Storage stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
PSTG with AI Stock Forecast & Price Target
On the PSTG chart Pure Storage price was recorded as 63.48 Dollars on 06/05/2024.
The artificial intelligence's forecast on PSTG stock is as follows.
The artificial intelligence's prediction error margin for PSTG stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Pure Storage stock over the next 4 months is: 65.2 Dollars.
The commentary on PSTG stock Target Price: Highest: 75.875 Dollars is predicted.
The commentary on PSTG stock Target Price: Lowest: 54.902 Dollars is predicted.
Resistance Price where Pure Storage stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-30-2024 | 61.017 |
| 09-23-2024 | 60.900 |
| 11-22-2024 | 75.875 |
| 02-10-2025 | 75.032 |
Support Price where Pure Storage stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 54.902 |
| 08-29-2024 | 56.776 |
| 10-08-2024 | 59.699 |
| 01-06-2025 | 69.371 |
| 03-27-2025 | 63.705 |
The commentary on PSTG stock: Fluctuations in the target price can be expected in the coming days.
The target price for Pure Storage stock by the end of 2024 is predicted to be 69.64 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on PSTG stock, and the 2024 target price predictions for Pure Storage are detailed above.
The technical analysis and charts for the commentary on PSTG stock are below.
PSTG Support & Resistance and Trend Analysis
PSTG stock you have reviewed the technical analysis support resistance charts regarding.
PSTG : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the PSTG review, the Pure Storage support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Pure Storage Support and Resistance Prices:
| PSTG Support Level Price | PSTG Resistance Level Price |
|---|---|
| 31.00 | 37.70 |
| 31.79 | 38.28 |
| 34.32 | 42.08 |
| 35.35 | 45.22 |
| 38.78 | 45.34 |
| 39.80 | 54.95 |
| 48.58 | 55.09 |
| 48.89 | 58.46 |
| 48.90 | 68.75 |
| 50.30 | |
| 58.95 |
PSTG Technical Analysis: SMA, RSI, MACD
Upon reviewing the PSTG chart, buy and sell signals have been generated in the Pure Storage technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for PSTG stock are as follows:- The technical analysis for PSTG indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Pure Storage issued a 'Buy' signal when the MACD was at 2.229, with the current MACD value being: 2.229
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Pure Storage stock: Click here to read more predictions on Aeroports de Paris stock.
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