We assign a technical rating of 10 out of 10 to PRE. 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.
PRE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.04, a Stop Loss order could be placed below this zone.
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10.22
4 important support areas can be observed.
- A support zone ranging from 13.85 to 14.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.85 from a trend line in the daily time frame.
- Support @12.19 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.32 to 10.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 14.38 to 14.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.32 from a horizontal line in the daily 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 | 96.7 | POSITIVE | PRE has a high relative strength, it outperformed 96.7% 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) | 53.79 | NEUTRAL | The RSI value for PRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests PRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.65 | NEUTRAL | The Stochastics value for PRE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.11 | HIGH VOLATILITY | The high ATR as a percentage value for PRE suggests high volalility. |
| Average Directional Index/ADX (14) | 13.72 | NEGATIVE | The low ADX value for PRE suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.60 | 13.84 | 0.76 (5.21%) | 19.21% |
| An entry @14.60. This is a Buy Stop order right above the resistance zone. | An exit @13.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.76 points, which is 5.21%. | When investing 19.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of PRE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.32
+0.33 (+2.36%)
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 53.7894. 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 14.04 and a resistance level at 14.38. Check the full technical report for our detailed analysis of PRE support and resistance levels.