Stock Trend Analysis Report
Prepared for you on Thursday, October 1, 2020.
Purple Innovation, Inc. (NASDAQ:PRPLW)
Long-Term Uptrend (+90) - PRPLW is in a strong uptrend that is likely to continue. While PRPLW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid PRPLW?
MarketClub looks at technical strength and momentum to determine if the timing is right for PRPLW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PRPLW
The long-term trend has been UP since May 12th, 2020 at 2.62
The intermediate-term trend has been UP since Sep 10th, 2020 at 5.80
The short-term trend has been UP since Sep 22nd, 2020 at 6.00
Smart Scan Analysis for PRPLW
Based on our trend formula, PRPLW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||1.78||Year High Date||2018-03-13|
|Year Low||0.08||Year Low Date||2018-10-10|
|52wk High||8.1101||52wk High Date||2020-08-04|
|52wk Low||0.1779||52wk Low Date||2019-10-09|