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Purple Innovation, Inc.

PRPL Technical Analysis Summary (NASDAQ)

Analyze PRPL on the NASDAQ with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

PRPL●NASDAQ
Consumer CyclicalFurnishings, Fixtures & Appliances
$1.67
$0.13(7.22%)
U.S. Market is Open · 13:26

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 (NASDAQ)

Purple Innovation, Inc. (NASDAQ: PRPL) stock currently shows a bearish trend on the NASDAQ, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 34.66)
Trend Strength:Strong (ADX: 31.05)
Volatility:High (ATR: 0.34)
Support/Resistance:$1.68 – $3.37 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 34.66

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 5.65

Bullish
Oversold zone signals rebound potential.

Williams %R: -91.19

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -28.46

Strongly Bearish
Sharp downside momentum.

Takeaway:Purple Innovation, Inc. shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.18

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 31.05

Strong
Strong trend, momentum well established.

ATR (14): 0.34

Low
Low volatility, stable price action.

CCI (14): -146.63

Bearish
Bearish, oversold conditions may spark rebound.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$3.37
Middle Band (SMA 20)
$2.52
Lower Band
$1.68
Current Position
Below Lower Band

Takeaway:Purple Innovation, Inc. trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$3.10
Middle Line (EMA 20)
$2.41
Lower Channel
$1.72
Squeeze Status
No Squeeze

Takeaway:Purple Innovation, Inc. trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume-666.21K
Money Flow Index49.45Neutral, balanced money flows with no clear signal.
Relative Vigor Index36.08Bearish, price momentum favors sellers.

Overall Takeaway:PRPL shows mixed signals in money flow analysis.

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

Bullish Signals

ADX above 20 → strong underlying trend.

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

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Purple Innovation, Inc. shows a Strong Sell signal — momentum, volume, and volatility confirm strong selling pressure.

(NASDAQ: PRPL) Technical Analysis FAQ