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 95% 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 94% of 101 stocks in the same industry.

PRE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PRE is lagging the market slightly.

In the last month PRE has a been trading in the 7.17 - 10.79 range, which is quite wide. It is currently trading near the high of this range.

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

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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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, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.57

10.18

We found 3 important support areas.

A support zone ranging from 7.97 to 8.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @7.83 from a trend line in the weekly time frame.
Support @7.65 from a trend line in the daily time frame.

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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	95.23	POSITIVE	PRE has a high relative strength, it outperformed 95.23% 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)	66.68	NEUTRAL	The RSI value for PRE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.25	POSITIVE	The MACD value suggests PRE has a positive trend.
Stochastics (14,3)	69.06	NEUTRAL	The Stochastics value for PRE is a neutral value.
Average True Range in percent/ATR (20)	6.74	HIGH VOLATILITY	The high ATR as a percentage value for PRE suggests high volalility.
Average Directional Index/ADX (14)	34.56	POSITIVE	The high ADX value value for PRE suggests a strong trend.