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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
$7.63
$0.63(9.00%)
U.S. Market opens in 63h 27m

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:Bullish to Bearish Risk (RSI: 84.34)
Trend Strength:Very Strong (ADX: 60.85)
Volatility:High (ATR: 0.57)
Support/Resistance:$-3.63 – $8.16 (Bollinger Bands)

Technical conditions suggest Purple Innovation, Inc. on the NASDAQ is awaiting a decisive move. Overall, Purple Innovation, Inc. remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 84.34

Bearish
Overbought, selling pressure may emerge.

Stochastic %K: 87.15

Bearish
Overbought levels may trigger pullback.

Williams %R: -13.20

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 1815.78

Strongly Bullish
Strong upside momentum.

Takeaway:Purple Innovation, Inc. shows overheated momentum, with risk of near-term pullback.

Trend & Volatility

MACD: 1.68

Bullish
Bullish, trend momentum is strengthening.

ADX: 60.85

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.57

Low
Low volatility, stable price action.

CCI (14): 79.41

Bullish
Bullish, momentum building upward.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$8.16
Middle Band (SMA 20)
$2.27
Lower Band
$-3.63
Current Position
Within Bands

Takeaway:Purple Innovation, Inc. trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$4.40
Middle Line (EMA 20)
$3.25
Lower Channel
$2.10
Squeeze Status
No Squeeze

Takeaway:Purple Innovation, Inc. trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-5.46M
Money Flow Index37.88Bearish, selling pressure outweighs inflows.
Relative Vigor Index63.40Bullish, price momentum strongly favors buyers.

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

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

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

Price near upper Bollinger Band → potential resistance and pullback risk.

Overall Recommendation:Purple Innovation, Inc. currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(NASDAQ: PRPL) Technical Analysis FAQ