PRENETICS GLOBAL LTD-CL A (PRE) Stock Technical Analysis
NASDAQ:PRE - Nasdaq - KYG722451229 - Common Stock - Currency: USD
Overall PRE gets a technical rating of 8 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
PRE is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry. PRE outperforms 95% of them.
Looking at the yearly performance, PRE did better than 96% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
PRE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRE is lagging the market.
In the last month PRE has a been trading in the 5.58 - 10.22 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.
Besides having an excellent technical rating, PRE also presents a decent setup pattern. Prices have been consolidating lately. 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
7.70
9.36
When analyzing the support we notice one important area.
- Support @7.78 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @9.27 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 | 96.1 | POSITIVE | PRE has a high relative strength, it outperformed 96.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PRE is above a declining 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) | 53.69 | NEUTRAL | The RSI value for PRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PRE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.31 | NEUTRAL | The Stochastics value for PRE is a neutral value. |
| Average True Range in percent/ATR (20) | 15.71 | HIGH VOLATILITY | The high ATR as a percentage value for PRE suggests high volalility. |
| Average Directional Index/ADX (14) | 24.3 | NEUTRAL | The ADX value for PRE suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 9.28 | 7.77 | 1.51 (16.27%) | 6.15% |
| An entry @9.28. This is a Buy Stop order right above the resistance zone. | An exit @7.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.51 points, which is 16.27%. | When investing 6.15% 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.
8.49
-0.51 (-5.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-5.67%
1 Week-5.25%
2 Weeks5.86%
1 Month-15.1%
3 Month112.25%
6 Month48.85%
12 Month43.41%
2 Year-36.4%
3 Year-85.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.26
ATR(20)%15.71%
ATR Inc3.85%
Range Today0.81
ADR(20)1.33
ADR(20)%15.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.1
Mansfield4.63
10 Day High10.22
10 Day Low6.88
20 Day High10.22
20 Day Low5.58
52 Week High11.99
52 Week Low3.09
CS1 End7.78
CR1 Start9.27
Volume & EV
DER(3)8.18%
DER(5)2.64%
Volume90.20K
Volume Incr27.02%
Vol(5)95.00K
Vol(50)50.63K