Predictive Technology Group Inc (OTCMKTS:PRED) May Rally
PREDICTIVE TECH closed down -0.350 at 1.150. Volume was 290% above average (trending) and Bollinger Bands were 15% narrower than normal.
Open High Low Close Volume___
1.400 1.400 0.720 1.150 16,742
Technical Outlook
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 1.66 2.00 2.78
Volatility: 289 313 583
Volume: 30,076 6,976 2,382
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
PREDICTIVE TECH gapped down today (bearish) on heavy volume. Possibility of a Breakaway Gap which usually signifies the beginning of a major market move. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
PREDICTIVE TECH is currently 58.7% below its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of PRED.PK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on PRED.PK and have had this outlook for the last 15 periods.
HEFFX Momentum
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 19.3133. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 7 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 39.02. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 24 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -170.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 11 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.
Predictive Technology Group, Inc., formerly Global Enterprises Group, Inc., incorporated on August 25, 2005, is engaged in the business of developing and implementing green energy solutions for both commercial and residential dwellings. The Company, through its subsidiaries, is engaged in the treatment of serious and debilitating diseases through the commercialization of therapeutics leveraged by gene-based companion diagnostics. The Company develops and/or acquires technologies that are involved in the origin of human disease, and the role that genes and their related proteins play in diseases’ onsets and progressions.
The Company’s subsidiaries include LifeCode Genetics, Inc. and Predictive Therapeutics, LLC. LifeCode Genetics, Inc. develops and commercializes gene-based diagnostics. The Company’s subsidiaries uses gene-based information in the development of new diagnostics that assess a person’s risk of disease and therapeutic products designed to prevent and/or treat diseases
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