PRENETICS GLOBAL LTD-CL A (PRE) Technical Analysis
NASDAQ:PRE • KYG722451229
Current stock price
PRE Technical Rating and Analysis
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 long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that PRE is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by PRE over the past year are nicely spread over this period.
- PRE is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 98% of 100 stocks in the same industry.
- PRE is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PRE is leading the market.
- In the last month PRE has a been trading in the 14.55 - 23.63 range, which is quite wide. It is currently trading near the high of this range.
PRE Weekly and Daily overview Charts
PRE Setup Rating and Analysis
PRE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.97. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PRE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
PRE Support and Resistance Analysis
13.08
We found 6 important support areas.
- A support zone ranging from 20.86 to 21.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 19.62 to 19.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.34 to 18.48. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @15.89 from a trend line in the daily time frame.
- Support @14.87 from a horizontal line in the daily time frame.
- Support @13.21 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.97 to 22.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
PRE 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 | 99.08 | POSITIVE | PRE has a high relative strength, it outperformed 99.08% 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) | 58.08 | NEUTRAL | The RSI value for PRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests PRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.84 | OVERBOUGHT | The high Stochastics value suggests PRE may be overbought. |
| Average True Range in percent/ATR (20) | 8.9 | HIGH VOLATILITY | The high ATR as a percentage value for PRE suggests high volalility. |
| Average Directional Index/ADX (14) | 16.04 | NEGATIVE | The low ADX value for PRE suggests a weak or negative trend. |
PRE Chart- and CandleStick Pattern Analysis
PRE Example Setup
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 |
|---|---|---|---|
| 22.16 | 20.85 | 1.31 (5.91%) | 16.92% |
| An entry @22.16. This is a Buy Stop order right above the resistance zone. | An exit @20.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.31 points, which is 5.91%. | When investing 16.92% 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.
PRE Technicals: Chart, Performance Metrics, Trend & Indicators
21.56
-0.59 (-2.66%)
PRENETICS GLOBAL LTD-CL A / PRE TA 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 58.0765. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PRENETICS GLOBAL LTD-CL A?
The buy/sell signal for PRENETICS GLOBAL LTD-CL A (PRE) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for PRENETICS GLOBAL LTD-CL A (PRE) stock?
PRENETICS GLOBAL LTD-CL A (PRE) has a support level at 21.04 and a resistance level at 21.97. Check the full technical report for our detailed analysis of PRE support and resistance levels.