PURE STORAGE INC CLASS A stock forecast: up to 24.11 USD PSTG stock price prognosis

STOCK

Forecast for Fri 19 May 2023 price 24.11

PURE STORAGE INC CLASS A stock price forecast for further price development up to 1.44% (time horizon: 1 day) and price target of 24.11 USD. Positive news sentiment. Short-term (time horizon: 2 weeks) PURE STORAGE INC CLASS A share price prediction for 2023-05-19 with daily closed price projections

Key Facts

Symbol PSTG

ISIN US74624M1027

CUSIP 74624M102

Currency USD

Category Computer Storage Devices

Forecast price change %

News sentiment (1.00)

News <--> Close correlation for next day influence (-0.06)

Finance numbers

Revenue 1,729,767,000.0

Earnings per share -1.01

On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

7•Drive Subscription Services and as-a-Service (flexible consumption model) Growth. In certain geographies we sell through a two-tier distribution model. We could face claims for product liability, tort or breach of warranty. We have not achieved profitability for any year since our inception. As a result, comparing our results on a period-to-period basis may not be meaningful. Future changes to U.S. and global tax laws may adversely impact our effective tax rate. Item 1B. Unresolved Staff Comments.

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/1474432/000162828021005538/0001628280-21-005538.txt

Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

Meta analyst score 73.78/100

Good financial position.
Historical view, profit is growing.
Company revenue is not growing faster compared with the industry.
Stock price is under book price value.

Institutional ownership list is based on filling form information

Holding name	Date	Amount
ETF MANAGERS GROUP, LLC	2022-12-31	19640
American Portfolios Advisors	2022-03-31	385
American Portfolios Advisors	2022-09-30	6355
A - VOYA INVESTMENT MANAGEMENT LLC	2022-09-30	1567857
AdvisorNet Financial, Inc	2022-09-30	410

Fund ownership list is based on filling form information

Fund name	Date	Amount	Profile
SPDR SERIES TRUST	2022-12-31	10642	Long
STATE STREET INSTITUTIONAL FUNDS	2022-12-31	316620	Long
STATE STREET VARIABLE INSURANCE SERIES FUNDS INC	2022-12-31	8050	Long
STATE STREET VARIABLE INSURANCE SERIES FUNDS INC	2022-12-31	2900	Long
JNL Series Trust	2022-12-31	1700	Long

Assets / Liabilities

Bollinger Bollinger Bands for PURE STORAGE INC CLASS A can provide the information where the market is moving based on price information.

PURE STORAGE INC CLASS A Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.

Converting prices to returns PURE STORAGE INC CLASS A.

On-Balance Volume information for PURE STORAGE INC CLASS A. On-Balance Volume information can be an indicator for bullish or bearish outcome.

Accumulation / Distribution (A/D) indicator information for PURE STORAGE INC CLASS A. The indicator identify divergences between price and volume flow.

Aroon Oscillator information for PURE STORAGE INC CLASS A. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.

Average Directional Index (ADX) information for PURE STORAGE INC CLASS A. The index can be used to identify the strengh of a trend.

Moving Average Convergence Divergence (MACD) for PURE STORAGE INC CLASS A. The indicator helps to predict trend direction and the momentum of the trend.

Stochastic Oscillator as momentum indicator for PURE STORAGE INC CLASS A. The indicator is useful for identifying overbought and oversold levels.

Relative Strength Index (RSI) for PURE STORAGE INC CLASS A. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].

52W High	52W Low	Market Cap

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PURE STORAGE INC CLASS A on Nasdaq

PURE STORAGE INC CLASS A on finviz

Figure below show the stock predictions.

Date	Closing price	Prediction was updated
2023-04-27	24.11	2023-03-25 07:03
2023-05-10	24.11	2023-03-25 07:03
2023-05-11	24.11	2023-03-25 07:03
2023-04-28	24.11	2023-03-25 07:03
2023-05-01	24.12	2023-03-25 07:03
2023-05-02	24.11	2023-03-25 07:03
2023-05-03	24.11	2023-03-25 07:03
2023-05-04	24.12	2023-03-25 07:03
2023-05-05	24.12	2023-03-25 07:03
2023-05-08	24.11	2023-03-25 07:03
2023-05-09	24.12	2023-03-25 07:03
2023-05-12	24.11	2023-03-25 07:03
2023-05-15	24.11	2023-03-25 07:03
2023-05-16	24.11	2023-03-25 07:03
2023-05-17	24.11	2023-03-25 07:03
2023-05-18	24.10	2023-03-25 07:03
2023-05-19	24.11	2023-03-25 07:03
2023-03-28	23.90	2023-03-25 07:03
2023-03-29	23.96	2023-03-25 07:03
2023-03-30	23.99	2023-03-25 07:03
2023-03-31	24.09	2023-03-25 07:03
2023-04-03	24.18	2023-03-25 07:03
2023-04-04	24.18	2023-03-25 07:03
2023-04-05	24.26	2023-03-25 07:03
2023-04-06	24.23	2023-03-25 07:03
2023-04-07	24.14	2023-03-25 07:03
2023-04-12	24.07	2023-03-25 07:03
2023-04-13	24.10	2023-03-25 07:03
2023-04-14	24.11	2023-03-25 07:03
2023-04-10	24.12	2023-03-25 07:03
2023-04-11	24.16	2023-03-25 07:03
2023-04-17	24.12	2023-03-25 07:03
2023-04-18	24.12	2023-03-25 07:03
2023-04-19	24.14	2023-03-25 07:03
2023-04-20	24.15	2023-03-25 07:03
2023-04-21	24.14	2023-03-25 07:03
2023-04-24	24.14	2023-03-25 07:03
2023-04-25	24.12	2023-03-25 07:03
2023-04-26	24.13	2023-03-25 07:03

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.