GREENWAVE TECHNOLOGY SOLUTIO (GWAV) Stock Technical Analysis
NASDAQ:GWAV - Nasdaq - US57630J4031 - Common Stock - Currency: USD
Overall GWAV gets a technical rating of 1 out of 10. GWAV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, GWAV is a bad performer in the overall market: 98% of all stocks are doing better.
GWAV is one of the lesser performing stocks in the Commercial Services & Supplies industry. 87% of 83 stocks in the same industry do better.
GWAV is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GWAV is lagging the market.
GWAV has an average volume of 3422940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GWAV has a been trading in the 0.15 - 0.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
GWAV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.20
0.45
4 important resistance areas can be observed.
- A resistance zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.23 from a horizontal line in the daily time frame.
- Resistance @0.45 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for GWAV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GWAV is neutral. |
| ChartMill Relative Strength | 2.47 | NEGATIVE | GWAV has a low relative strength, it was outperformed by 97.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GWAV is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GWAV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GWAV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.58 | NEUTRAL | The RSI value for GWAV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GWAV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.83 | NEUTRAL | The Stochastics value for GWAV is a neutral value. |
| Average True Range in percent/ATR (20) | 13.12 | HIGH VOLATILITY | The high ATR as a percentage value for GWAV suggests high volalility. |
| Average Directional Index/ADX (14) | 15.85 | NEGATIVE | The low ADX value for GWAV suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.1978
+0 (+2.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg2.54%
1 Week-1.59%
2 Weeks-6.7%
1 Month23.16%
3 Month-32.31%
6 Month-36.54%
12 Month-98.45%
2 Year-99.83%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%13.12%
ATR Inc-40.64%
Range Today0.01
ADR(20)0.03
ADR(20)%12.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.47
Mansfield-7.39
10 Day High0.24
10 Day Low0.18
20 Day High0.25
20 Day Low0.16
52 Week High13.64
52 Week Low0.12
CS1 EndN/A
CR1 Start0.2
Volume & EV
DER(3)-16.66%
DER(5)-11.56%
Volume792.12K
Volume Incr-68.54%
Vol(5)1.80M
Vol(50)3.42M