PRENETICS GLOBAL LTD-CL A (PRE) Stock Technical Analysis
NASDAQ:PRE - Nasdaq - KYG722451229 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PRE. 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
PRE is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 92% of 103 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that PRE is one of the better performing stocks in the market, outperforming 91% of all 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 7.58 - 8.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, PRE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- 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
6.93
8.73
When analyzing the support we can see 2 important areas.
- Support @7.88 from a horizontal line in the weekly time frame.
- Support @7.00 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 8.07 to 8.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.29 to 8.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.64 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 | NEUTRAL | NEUTRAL | The short term trend for PRE is neutral. |
| ChartMill Relative Strength | 91.71 | POSITIVE | PRE has a high relative strength, it outperformed 91.71% 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) | UP | MIXED | The current price of PRE is below 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) | 49.05 | NEUTRAL | The RSI value for PRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests PRE has a negative trend. |
| Stochastics (14,3) | 36.01 | NEUTRAL | The Stochastics value for PRE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for PRE suggests high volalility. |
| Average Directional Index/ADX (14) | 14.61 | NEGATIVE | The low ADX value for PRE suggests a weak or negative 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 |
|---|---|---|---|
| 8.15 | 7.87 | 0.28 (3.44%) | 25.00% |
| An entry @8.15. This is a Buy Stop order right above the resistance zone. | An exit @7.87. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.28 points, which is 3.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- 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.
NASDAQ:PRE (7/29/2025, 8:12:38 PM)
8.01
-0.09 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.11%
1 Week-1.35%
2 Weeks-2.91%
1 Month-5.93%
3 Month50.71%
6 Month52.57%
12 Month48.33%
2 Year-25.43%
3 Year-86.65%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%5.68%
ATR Inc-41.85%
Range Today0.34
ADR(20)0.44
ADR(20)%5.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.71
Mansfield3.1
10 Day High8.8
10 Day Low7.64
20 Day High8.8
20 Day Low7.58
52 Week High11.99
52 Week Low3.09
CS1 End7.88
CR1 Start8.07
Volume & EV
DER(3)-1.63%
DER(5)-3.68%
Volume33.70K
Volume Incr29.88%
Vol(5)67.38K
Vol(50)64.91K