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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
$6.60
$0.08(1.23%)
U.S. Market opens in 3h 6m

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 bullish trend on the NASDAQ, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 52.36)
Trend Strength:Very Strong (ADX: 56.29)
Volatility:High (ATR: 0.86)
Support/Resistance:$5.65 – $10.06 (Bollinger Bands)

Technical conditions suggest Purple Innovation, Inc. on the NASDAQ is awaiting a decisive move. This mix signals that Purple Innovation, Inc. is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 52.36

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 14.85

Bullish
Oversold zone signals rebound potential.

Williams %R: -90.19

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -13.50

Strongly Bearish
Sharp downside momentum.

Takeaway:Purple Innovation, Inc. shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: 1.32

Bullish
Bullish, trend momentum is strengthening.

ADX: 56.29

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.86

Low
Low volatility, stable price action.

CCI (14): -122.56

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Purple Innovation, Inc. shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$10.06
Middle Band (SMA 20)
$7.86
Lower Band
$5.65
Current Position
Within Bands

Takeaway:Purple Innovation, Inc. trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$8.67
Middle Line (EMA 20)
$6.95
Lower Channel
$5.22
Squeeze Status
No Squeeze

Takeaway:Purple Innovation, Inc. trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-3.86M
Money Flow Index40.78Neutral, balanced money flows with no clear signal.
Relative Vigor Index51.34Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:PRPL shows neutral money flow, with no clear directional pressure.

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

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

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.

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

(NASDAQ: PRPL) Technical Analysis FAQ