For its latest trading sesion, Pure Storage, Inc. (NYSE:PSTG) dropped by -2.1% – here is what that looked like (as of 2020-01-06):
What’s the reason for these moves? To understand this better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.289, an Accumulation/Distribution Index (ADI) of 0.289, an On-Balance Volume (OBV) of 293.531, and a Chaiikin Money Flow (CMF) of -17.8. 15.5
Now let’s plug these indicators in. Consulting Trading View, putting it all together gets the following:
So there you have it – our analysis of Pure Storage, Inc. (NYSE:PSTG). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.
2335 Holt Street, SAINT CROIX IN 47576