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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that PRE is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, PRE also shows a nice and consistent pattern of rising prices.
- PRE is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 93% of 100 stocks in the same industry.
- PRE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PRE is lagging the market slightly.
- In the last month PRE has a been trading in the 14.54 - 18.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
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 support zone below the current price at 15.52, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.17
We found 3 important support areas.
- A support zone ranging from 15.52 to 15.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.70 to 14.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.28 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 15.84 to 16.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @16.75 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 | NEUTRAL | NEUTRAL | The short term trend for PRE is neutral. |
| ChartMill Relative Strength | 96.47 | POSITIVE | PRE has a high relative strength, it outperformed 96.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PRE is below 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) | 49.93 | NEUTRAL | The RSI value for PRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests PRE has a negative trend. |
| Stochastics (14,3) | 33.01 | NEUTRAL | The Stochastics value for PRE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.07 | HIGH VOLATILITY | The high ATR as a percentage value for PRE suggests high volalility. |
| Average Directional Index/ADX (14) | 15.45 | 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 |
|---|---|---|---|
| 16.39 | 15.51 | 0.88 (5.37%) | 18.62% |
| An entry @16.39. This is a Buy Stop order right above the resistance zone. | An exit @15.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.88 points, which is 5.37%. | When investing 18.62% 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.
15.72
-0.11 (-0.69%)
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.
What is the trend direction for PRE stock?
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 49.9328. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PRENETICS GLOBAL LTD-CL A?
PRENETICS GLOBAL LTD-CL A (PRE) has a support level at 15.52 and a resistance level at 15.84. Check the full technical report for our detailed analysis of PRE support and resistance levels.