Purple Innovation Stock Forward View - Daily Balance Of Power
| PRPL Stock | USD 0.69 0.02 2.82% |
Purple Stock outlook is based on your current time horizon.
As of now, the relative strength index (RSI) of Purple Innovation's share price is approaching 43 indicating that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Purple Innovation, making its price go up or down. Momentum 43
Sell Extended
Oversold | Overbought |
Using Purple Innovation hype-based prediction, you can estimate the value of Purple Innovation from the perspective of Purple Innovation response to recently generated media hype and the effects of current headlines on its competitors.
Purple Innovation after-hype prediction price | USD 0.69 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Purple Innovation to cross-verify your projections. Purple Innovation Additional Predictive Modules
Most predictive techniques to examine Purple price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Purple using various technical indicators. When you analyze Purple charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Check Purple Innovation Volatility | Backtest Purple Innovation | Information Ratio |
Purple Innovation Trading Date Momentum
| On February 01 2026 Purple Innovation was traded for 0.69 at the closing time. The top price for the day was 0.71 and the lowest listed price was 0.68 . There was no trading activity during the period 0.0. Lack of trading volume on February 1, 2026 did not cause price change. The trading delta at closing time against the current closing price is 0.00% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Purple Innovation to competition |
Other Forecasting Options for Purple Innovation
For every potential investor in Purple, whether a beginner or expert, Purple Innovation's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Purple Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Purple. Basic forecasting techniques help filter out the noise by identifying Purple Innovation's price trends.Purple Innovation 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 Purple Innovation stock to make a market-neutral strategy. Peer analysis of Purple Innovation could also be used in its relative valuation, which is a method of valuing Purple Innovation by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Purple Innovation Market Strength Events
Market strength indicators help investors to evaluate how Purple Innovation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Purple Innovation shares will generate the highest return on investment. By undertsting and applying Purple Innovation stock market strength indicators, traders can identify Purple Innovation entry and exit signals to maximize returns.
Purple Innovation Risk Indicators
The analysis of Purple Innovation'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 Purple Innovation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting purple 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 | 3.03 | |||
| Standard Deviation | 4.41 | |||
| Variance | 19.43 |
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.
Story Coverage note for Purple Innovation
The number of cover stories for Purple Innovation depends on current market conditions and Purple Innovation's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Purple Innovation is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Purple Innovation's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Purple Innovation Short Properties
Purple Innovation's future price predictability will typically decrease when Purple Innovation's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Purple Innovation often depends not only on the future outlook of the potential Purple Innovation's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Purple Innovation's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.3 M | |
| Cash And Short Term Investments | 29 M |
Check out Historical Fundamental Analysis of Purple Innovation to cross-verify your projections. For more information on how to buy Purple Stock please use our How to buy in Purple Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Household Appliances space 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 Purple Innovation. Anticipated expansion of Purple directly elevates investor willingness to pay premium valuations. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Purple Innovation assessment requires weighing all these inputs, though not all factors influence outcomes equally.
The market value of Purple Innovation is measured differently than its book value, which is the value of Purple that is recorded on the company's balance sheet. Investors also form their own opinion of Purple Innovation's value that differs from its market value or its book value, called intrinsic value, which is Purple Innovation'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 Purple Innovation's market value can be influenced by many factors that don't directly affect Purple Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Purple Innovation's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Purple Innovation should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Purple Innovation's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.