Presco Price Upswings- Strong Outlook with Cautious Optimism
In the last four weeks, Presco Plc has demonstrated impressive price momentum on the Nigerian Exchange, catching the attention of both institutional and retail investors. The company’s share price has climbed significantly, reflecting a wave of positive investor sentiment and confidence in the company’s financial position.
Since the breakout session on May 29, 2025, Presco’s stock price has gained significant ground, surging from N940.00, where it commenced its renewed uptrend, to attain a record high of N1,275.00 per share as of June 25, 2025. This movement marks both its all-time high and 52-week high, underscoring a bullish rally driven by investor confidence and strong fundamentals.
The breakout price of N940 was notably above the 50-day moving average of N913.00, signaling a technical confirmation of bullish sentiment. The stock has since recorded an average price of N1,010.67 within the four-week period, suggesting sustained demand and positive accumulation by market participants.
From a technical standpoint, Presco’s current price level appears to be approaching a critical resistance zone, given the sharp rally and over 35% gain in less than one month. Typically, such a rapid ascent could prompt profit-taking and consolidation around this psychological barrier. However, the momentum indicates that any pullback may be shallow if underpinned by continued investor conviction and broader market support.
The Wednesday, June 25 trading session is particularly significant as it serves as a test to this resistance. A further close above the N1,275 high with substantial volume could signal the possibility of a continuous breakout, while failure to maintain upward momentum might lead to short-term correction.
Presco’s rally is not merely speculative—it is supported by solid financial metrics. As Presco’s attractive dividend policy and sustainability-driven value chain have attracted investors seeking exposure to defensive and growth-oriented stocks within the Nigerian equities space.
Investor Outlook and Recommendation
The current scenario and recent market interplay, the recommendation is a “BUY” with Caution—with a caveat for tactical positioning.
On a short-term view, investors should watch for confirmation of a breakout above N1,275. If sustained, this may open further upside potential toward N1,350–N1,400 in the near term. However, volatility is likely at these elevated levels, so position sizing and stop-loss placements are advised for short-term trades. Given a medium to long-term outlook, Presco remains attractive for long-term investment horizon as investors wait towards release of its Q2 2025 earnings results if further shows an improvement over the Q1, will further validate the recent price gains and support continued revaluation and a strategic accumulation opportunity.
Presco Plc’s stellar market performance in recent weeks reflects both technical strength and fundamental robustness in the Nigerian equity space over the past month. The stock’s breakout from N940 to N1,275 reflects strong momentum fueled by high demand products and market confidence. While the share price is currently at a critical resistance level, the broader outlook remains favourable.
As the stock approaches a critical trading zone, investors are advised to buy on pullbacks or enter on confirmed breakouts above resistance. With its strong business model, favourable sector outlook, and consistent performance, Presco remains a strategic buy for medium- to long-term investors. #Presco Price Upswings- Strong Outlook with Cautious Optimism#
Oil Prices Up over US Demand Outlook, Middle East Tensions
