Pure Storage Stock Forecast - Market Facilitation Index
| PSTG Stock | USD 51.82 0.50 0.96% |
Pure Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Pure Storage stock prices and determine the direction of Pure Storage's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Pure Storage's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Pure Storage's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Pure Storage's systematic risk associated with finding meaningful patterns of Pure Storage fundamentals over time.
Check out Historical Fundamental Analysis of Pure Storage to cross-verify your projections. Pure |
Open Interest Against 2024-04-19 Pure Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Pure Storage's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Pure Storage's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Pure Storage stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Pure Storage's open interest, investors have to compare it to Pure Storage's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Pure Storage is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Pure. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Pure Storage cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Pure Storage's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Pure Storage's price structures and extracts relationships that further increase the generated results' accuracy.
Market Facilitation Index is simply a difference between period high and low prices divided by period trading volume.| Check Pure Storage Volatility | Backtest Pure Storage | Information Ratio |
Pure Storage Trading Date Momentum
| On April 18 2024 Pure Storage was traded for 51.82 at the closing time. The top price for the day was 52.78 and the lowest listed price was 51.20 . The trading volume for the day was 2.1 M. The trading history from April 18, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.79% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
| Compare Pure Storage to competition |
Other Forecasting Options for Pure Storage
For every potential investor in Pure, whether a beginner or expert, Pure Storage's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Pure Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Pure. Basic forecasting techniques help filter out the noise by identifying Pure Storage's price trends.Pure Storage Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Pure Storage stock to make a market-neutral strategy. Peer analysis of Pure Storage could also be used in its relative valuation, which is a method of valuing Pure Storage by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pure Storage Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Pure Storage's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Pure Storage's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Pure Storage Market Strength Events
Market strength indicators help investors to evaluate how Pure Storage stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pure Storage shares will generate the highest return on investment. By undertsting and applying Pure Storage stock market strength indicators, traders can identify Pure Storage entry and exit signals to maximize returns.
| Accumulation Distribution | 63062.81 | |||
| Daily Balance Of Power | (0.32) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 51.99 | |||
| Day Typical Price | 51.93 | |||
| Price Action Indicator | (0.42) | |||
| Period Momentum Indicator | (0.50) |
Pure Storage Risk Indicators
The analysis of Pure Storage's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Pure Storage's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pure stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.42 | |||
| Semi Deviation | 1.86 | |||
| Standard Deviation | 3.91 | |||
| Variance | 15.3 | |||
| Downside Variance | 4.6 | |||
| Semi Variance | 3.47 | |||
| Expected Short fall | (3.08) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Becoming a Better Investor with Macroaxis
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Check out Historical Fundamental Analysis of Pure Storage to cross-verify your projections. For more detail on how to invest in Pure Stock please use our How to Invest in Pure Storage guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Pure Stock analysis
When running Pure Storage's price analysis, check to measure Pure Storage's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pure Storage is operating at the current time. Most of Pure Storage's value examination focuses on studying past and present price action to predict the probability of Pure Storage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pure Storage's price. Additionally, you may evaluate how the addition of Pure Storage to your portfolios can decrease your overall portfolio volatility.
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Is Pure Storage's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pure Storage. If investors know Pure will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pure Storage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Earnings Share 0.19 | Revenue Per Share 9.077 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0151 |
The market value of Pure Storage is measured differently than its book value, which is the value of Pure that is recorded on the company's balance sheet. Investors also form their own opinion of Pure Storage's value that differs from its market value or its book value, called intrinsic value, which is Pure Storage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pure Storage's market value can be influenced by many factors that don't directly affect Pure Storage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pure Storage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pure Storage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pure Storage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.