PureTech Health Plc Forecast and Stock Analysis
Technical PRTC.L stock analysis for Wednesday June 19, 2019.
PureTech Health Plc gained 1.33% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from £225.00 to £228.00 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 3.14% from a day low at £223.00 to a day high of £230.00. The price has risen in 6 of the last 10 days and is up by 2.7% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 14 232 more shares were traded than the day before. In total, 104 162 shares bought and sold for approximately £23.75 million.
- 30 day high of the PRTC.L stock price was £239.00 and low was £191.00.
- 90 day high was £239.00 and low was £155.50.
- 52 week high for the PureTech Health Plc - £239.00 and low - £1.67.
PureTech Health Plc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 40.91% during the next 3 months and, with 90% probability hold a price between £295.78 and £349.83 at the end of this period.
Only positive signals in the chart today. PureTech Health Plc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £228.43. On a fall, the stock will find some support from the long-term average at approximately £208.44. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday June 17, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £197.50 and £190.50.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PureTech Health Plc finds support just below today's level at £197.50. If this is broken, then the next support from accumulated volume will be at £190.50 and £188.00.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £7.00 between high and low, or 3.14%. For the last week, the stock has had a daily average volatility of 3.65%.
Our recommended stoploss: £216.03 (-5.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
3.65 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
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