Predictive Technology Group Inc (OTCMKTS:PRED) Trading Outlook
PREDICTIVE TECH closed up 0.143 at 1.173. Volume was 48% below average (neutral) and Bollinger Bands were 9% wider than normal.
Open High Low Close Volume___
1.030 1.173 1.030 1.173 2,350
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1.29 1.81 2.72
Volatility: 182 314 577
Volume: 14,610 7,460 2,470
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.
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PREDICTIVE TECH is currently 57.0% below its 200-period moving average and is in an downward trend and looks to have bottomed. 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 turning bullish on PRED.PK and have had this outlook for the last 4 periods.
Momentum has turned
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 40.6465. This is not an overbought or oversold reading. The last signal was a buy 4 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 41.41. 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 29 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 -66. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 12 period(s) ago.
Predictive Technology Group Inc (OTCMKTS:PRED) a Buy with $300m in Medical Patents
Here is an interesting company, it has recently been merged in to a shell but the Intellectual Property and the caliber of the management sya this one might make it all the way to the NASDAQ and certainly the balance sheet indicates that the company should be trading much higher based on asset value alone.
Management is a strong mix of Industry and Banking professionals with senior executives from UnitedHealth Group, ING, Barclay’s, Walgreens etc. Certainly not management that will be focused on the OTC. This clearly looks like a fast track process to the NASDAQ.
Predictive Technology Group, Inc. (PRED), through its wholly owned subsidiaries, revolutionizes the treatment of severe and debilitating diseases through the commercialization of novel therapeutics leveraged by proprietary gene-based companion diagnostics. The Company develops and acquires proprietary technologies that open windows into the origin of human illness and the role that genes and their related proteins play in diseases’ onsets and progressions. PRED’s subsidiaries use gene-based information as cornerstones in the development of new diagnostics that assess a person’s risk of illness and therapeutic products designed to prevent and treat diseases effectively, www.predictivetechnologygroup.com and www.predrx.com.
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