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Purple Innovation, Inc.

PRPL•NASDAQ
Consumer Cyclical
Furnishings, Fixtures & Appliances
$0.68
$0.00(0.00%)
U.S. Market opens in 1h 34m

Purple Innovation, Inc. (PRPL) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Purple Innovation, Inc. (NASDAQ:PRPL).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

PRPL Technical Analysis Summary

Purple Innovation, Inc. stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 51.06)
Trend Strength:Strong (ADX: 33.88)
Volatility:High (ATR: 0.04)
Support/Resistance:$0.64 – $0.73 (Bollinger Bands)

Technical conditions suggest Purple Innovation, Inc. is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 51.06

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 49.28

Neutral
Mid-range signal with no clear trend.

Williams %R: -33.39

Bullish
Buying pressure building steadily.

Rate of Change (ROC): -0.54

Neutral
Price change is minimal.

Takeaway:Purple Innovation, Inc. shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 33.88

Strong
Strong trend, momentum well established.

ATR (14): 0.04

Low
Low volatility, stable price action.

CCI (14): 8.28

Neutral
Neutral, no strong directional signal.

Takeaway:Purple Innovation, Inc. shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.73
Middle Band (SMA 20)
$0.68
Lower Band
$0.64
Current Position
Within Bands

Takeaway:Purple Innovation, Inc. trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$0.77
Middle Line (EMA 20)
$0.68
Lower Channel
$0.60
Squeeze Status
Squeeze On

Takeaway:Purple Innovation, Inc. trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-3.88M
Money Flow Index52.94Neutral, balanced money flows with no clear signal.
Relative Vigor Index57.63Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:PRPL shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Purple Innovation, Inc., here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Technical indicators for Purple Innovation, Inc. are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ