PRENETICS GLOBAL LTD-CL A (PRE) Stock Technical Analysis
USA - NASDAQ:PRE - KYG722451229 - Common Stock
Overall PRE gets a technical rating of 10 out of 10. 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.
Besides having an excellent technical rating, PRE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for PRE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.08
3 important support areas can be observed.
- Support @12.55 from a trend line in the daily time frame.
- Support @9.34 from a trend line in the daily time frame.
- Support @9.17 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 | 97.67 | POSITIVE | PRE has a high relative strength, it outperformed 97.67% 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) | 53.52 | NEUTRAL | The RSI value for PRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests PRE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.37 | NEUTRAL | The Stochastics value for PRE is a neutral value. |
| Average True Range in percent/ATR (20) | 10.61 | HIGH VOLATILITY | The high ATR as a percentage value for PRE suggests high volalility. |
| Average Directional Index/ADX (14) | 36.32 | POSITIVE | The high ADX value value for PRE suggests a strong 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 |
|---|---|---|---|
| 15.14 | 12.54 | 2.60 (17.19%) | 5.82% |
| An entry @15.14. This is a Buy Stop order right above the 10 day moving average. | An exit @12.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.60 points, which is 17.19%. | For a 1.00% total portfolio risk, you can invest 5.82% of your capital in this trade. |
- 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.
14.82
+0.67 (+4.73%)
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 53.5182. 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 12.55. Check the full technical report for our detailed analysis of PRE support and resistance levels.