PRENETICS GLOBAL LTD-CL A (PRE) Technical Analysis
NASDAQ:PRE • KYG722451229
Current stock price
PRE Technical Rating and Analysis
Overall PRE gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month PRE has a been trading in the 16.68 - 21.60 range, which is quite wide. It is currently trading near the lows of this range.
- 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 one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 96% of 100 stocks in the same industry.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- 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.
- Considerably lower volume is observed in the last couple of days.
PRE Weekly and Daily overview Charts
PRE Setup Rating and Analysis
PRE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 17.97, a Stop Loss order could be placed below this zone.
More info and screens
PRE Support and Resistance Analysis
13.83
We found 5 important support areas.
- A support zone ranging from 17.47 to 17.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.13 from a trend line in the daily time frame.
- Support @15.72 from a trend line in the daily time frame.
- Support @14.87 from a horizontal line in the daily time frame.
- Support @13.97 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @18.34 from a horizontal line in the daily time frame.
- Resistance @20.72 from a horizontal line in the weekly time frame.
- Resistance @21.97 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for PRE is down. |
| ChartMill Relative Strength | 97.26 | POSITIVE | PRE has a high relative strength, it outperformed 97.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRE is below a declining 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) | 47.56 | NEUTRAL | The RSI value for PRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests PRE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.61 | NEUTRAL | The Stochastics value for PRE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.19 | HIGH VOLATILITY | The high ATR as a percentage value for PRE suggests high volalility. |
| Average Directional Index/ADX (14) | 14.52 | 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 |
|---|---|---|---|
| 18.35 | 17.46 | 0.89 (4.85%) | 20.62% |
| An entry @18.35. This is a Buy Stop order right above the resistance zone. | An exit @17.46. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.89 points, which is 4.85%. | For a 1.00% total portfolio risk, you can invest 20.62% 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.
PRE Technicals: Chart, Performance Metrics, Trend & Indicators
18.33
+0.83 (+4.74%)
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 6 / 10 to PRE.
What is the trend direction for PRE stock?
The current trend direction for PRENETICS GLOBAL LTD-CL A (PRE) is Bullish.
What is the RSI signal for PRE stock?
PRENETICS GLOBAL LTD-CL A (PRE) has an RSI value of 47.5565. 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 negative.
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 hold as the short term and long term trends are mixed.