Stronger Sell Today PRTC.L ranks #726 as SELL CANDIDATE. Weaker Sell
Today PRTC.L ranks #726 as SELL CANDIDATE.

PRTC.L stock PureTech Health Plc

PRTC.L stock
PureTech Health Plc

February 18, 2019
Change 0.30%
Chart period: 2018-11-19 - 2019-02-18
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

Will PRTC.L stock price go up or down on Wed, 20 Feb 2019?

PureTech Health Plc Forecast and Stock Analysis

Technical PRTC.L stock analysis for February 18, 2019.

Sell candidate since 2019-02-18

PureTech Health Plc gained 0.30% in the last trading day, rising from £166.00 to £166.50 The price has risen in 6 of the last 10 days , but is still down by -2.06% for this period. Volume fell in the last day by -1 588 shares, and in total, 21 821 shares bought and sold for approximately £3.63 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Monday, 18th Feb 2019) of the PRTC.L stock was £166.50. This is 0.3% more than the trading day before Friday, 15th Feb 2019.

During day the stock fluctuated 1.20% from a day low at £166.50 to a day high of £168.50.

30 day high of the PRTC.L stock price was £178.00 and low was £165.50.
90 day high was £188.50 and low was £165.50.
52 week high for the PureTech Health Plc - £188.50 and low - £135.00.

Trend

PureTech Health Plc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.19% during the next 3 months and, with 90% probability hold a price between £153.97 and £170.73 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Friday February 15, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. PureTech Health Plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £171.64 and £172.02. A break-up above any of these levels will issue buy signals.

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A sell signal from a double bottom formation was found on Tuesday February 12, 2019 with a target of £173.95. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSI14 is 39 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

PureTech Health Plc finds support from accumulated volume at £166.00.

Support: £166.00 Price: £166.50 Resistance: £175.00

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £2.00 (1.20%) between high and low. For the last week, the stock has had a daily average volatility of 1.35%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

PureTech Health Plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Stronger Sell Today PRTC.L ranks #726 as SELL CANDIDATE. Weaker Sell
Today PRTC.L ranks #726 as SELL CANDIDATE.