Taking everything into account, PRE scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PRE is showing a nice and steady performance.
Although PRE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.41
We found 4 important support areas.
- A support zone ranging from 14.26 to 14.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.53 from a trend line in the daily time frame.
- Support @10.78 from a trend line in the daily time frame.
- Support @10.52 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PRE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRE is up. |
| ChartMill Relative Strength | 98.08 | POSITIVE | PRE has a high relative strength, it outperformed 98.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.04 | NEUTRAL | The RSI value for PRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests PRE has a positive trend. |
| Stochastics (14,3) | 87.4 | OVERBOUGHT | The high Stochastics value suggests PRE may be overbought. |
| Average True Range in percent/ATR (20) | 6.89 | HIGH VOLATILITY | The high ATR as a percentage value for PRE suggests high volalility. |
| Average Directional Index/ADX (14) | 17.88 | NEGATIVE | The low ADX value for PRE suggests a weak or negative trend. |
17.48
+0.99 (+6%)
PRENETICS GLOBAL LTD-CL A / PRE FAQ
What is the ChartMill technical rating of PRENETICS GLOBAL LTD-CL A (PRE) stock?
ChartMill assigns a technical rating of 10 / 10 to PRE.
Can you provide the trend direction for PRENETICS GLOBAL LTD-CL A?
The current trend direction for PRENETICS GLOBAL LTD-CL A (PRE) is Bullish.
Can you provide the RSI signal for PRENETICS GLOBAL LTD-CL A?
PRENETICS GLOBAL LTD-CL A (PRE) has an RSI value of 66.0361. This indicates that the stock is currently neutral.
What is the short term momentum for PRE stock?
The short term momentum for PRENETICS GLOBAL LTD-CL A (PRE) is positive.
What is the support and resistance level for PRE stock?
PRENETICS GLOBAL LTD-CL A (PRE) has a support level at 14.26. Check the full technical report for our detailed analysis of PRE support and resistance levels.