PRE Technical Analysis - PRENETICS GLOBAL LTD-CL A

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to PRE. Both in the recent history as in the last year, PRE has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, PRE did better than 97% of all other stocks. On top of that, PRE also shows a nice and consistent pattern of rising prices.

PRE is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry. PRE outperforms 97% of them.

PRE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

PRE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

PRENETICS GLOBAL LTD-CL A / PRE Weekly stock chart

PRENETICS GLOBAL LTD-CL A / PRE Daily stock chart

Setup Rating and Analysis

Although PRE has an excellent technical rating, the quality of the presented setup is not ideal 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

5.30

14.96

5 important support areas can be observed.

Support @14.26 from a horizontal line in the daily time frame.
Support @8.59 from a trend line in the weekly time frame.
Support @8.15 from a trend line in the daily time frame.
Support @7.41 from a trend line in the daily time frame.
Support @5.35 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	97.83	POSITIVE	PRE has a high relative strength, it outperformed 97.83% 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)	67.39	NEUTRAL	The RSI value for PRE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests PRE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	86.43	OVERBOUGHT	The high Stochastics value suggests PRE may be overbought.
Average True Range in percent/ATR (20)	8.42	HIGH VOLATILITY	The high ATR as a percentage value for PRE suggests high volalility.
Average Directional Index/ADX (14)	50.64	POSITIVE	The high ADX value value for PRE suggests a strong trend.