Overall PRLD gets a technical rating of 8 out of 10. In the last year, PRLD was one of the better performers, but we do observe some doubts in the very recent evolution.
PRLD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.68. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PRLD 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.
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When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.48 to 1.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.39 from a horizontal line in the daily time frame.
- Support @1.28 from a trend line in the daily time frame.
- Support @1.19 from a horizontal line in the daily time frame.
- Support @0.76 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.68 to 1.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PRLD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRLD is neutral. |
| ChartMill Relative Strength | 92.91 | POSITIVE | PRLD has a high relative strength, it outperformed 92.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRLD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRLD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.6 | NEUTRAL | The RSI value for PRLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PRLD has a negative trend. |
| Stochastics (14,3) | 81.88 | OVERBOUGHT | The high Stochastics value suggests PRLD may be overbought. |
| Average True Range in percent/ATR (20) | 27.53 | HIGH VOLATILITY | The high ATR as a percentage value for PRLD suggests high volalility. |
| Average Directional Index/ADX (14) | 53.74 | POSITIVE | The high ADX value value for PRLD suggests a strong trend. |
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 |
|---|---|---|---|
| 1.69 | 1.47 | 0.22 (13.02%) | 7.68% |
| An entry @1.69. This is a Buy Stop order right above the resistance zone. | An exit @1.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.22 points, which is 13.02%. | For a 1.00% total portfolio risk, you can invest 7.68% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PRLD. 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.
1.55
-0.13 (-7.74%)
PRELUDE THERAPEUTICS INC / PRLD FAQ
What is the technical rating for PRLD stock?
ChartMill assigns a technical rating of 8 / 10 to PRLD.
What is the current trend direction of PRELUDE THERAPEUTICS INC (PRLD) stock?
The current trend direction for PRELUDE THERAPEUTICS INC (PRLD) is Bullish.
What is the RSI signal for PRLD stock?
PRELUDE THERAPEUTICS INC (PRLD) has an RSI value of 49.6034. This indicates that the stock is currently neutral.
What is the MACD signal for PRELUDE THERAPEUTICS INC (PRLD) stock?
The MACD indicator for PRELUDE THERAPEUTICS INC (PRLD) has a value of -0.00565303, indicating a bearish trend.
What are the support and resistance levels for PRELUDE THERAPEUTICS INC (PRLD) stock?
PRELUDE THERAPEUTICS INC (PRLD) has a support level at 1.5 and a resistance level at 1.68. Check the full technical report for our detailed analysis of PRLD support and resistance levels.