SANUWAVE HEALTH INC (SNWV) Technical Analysis
NASDAQ:SNWV • US80303D3052
We assign a technical rating of 0 out of 10 to SNWV. SNWV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 88% of all other stocks performed better in the past year than SNWV.
- SNWV is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, of which 62% are performing better than SNWV.
- SNWV is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month SNWV has a been trading in the 21.76 - 26.57 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Although the technical rating is bad, SNWV does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.33. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SNWV in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
22.01
We can see 2 important resistance areas.
- A resistance zone ranging from 24.33 to 24.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 25.08 to 25.45. This zone is formed by a combination of multiple trend lines 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 SNWV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SNWV is down. |
| ChartMill Relative Strength | 12.48 | NEGATIVE | SNWV has a low relative strength, it was outperformed by 87.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNWV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SNWV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SNWV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.56 | NEUTRAL | The RSI value for SNWV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SNWV has a negative trend. |
| Stochastics (14,3) | 15.54 | OVERSOLD | The low Stochastics value suggests SNWV may be oversold. |
| Average True Range in percent/ATR (20) | 6.44 | HIGH VOLATILITY | The high ATR as a percentage value for SNWV suggests high volalility. |
| Average Directional Index/ADX (14) | 17.7 | NEGATIVE | The low ADX value for SNWV suggests a weak or negative trend. |
SNWV Technicals: Chart, Performance Metrics, Trend & Indicators
22.23
-0.22 (-0.98%)
SANUWAVE HEALTH INC / SNWV FAQ
Can you provide the ChartMill technical rating for SANUWAVE HEALTH INC?
ChartMill assigns a technical rating of 0 / 10 to SNWV.
Can you provide the trend direction for SANUWAVE HEALTH INC?
The current trend direction for SANUWAVE HEALTH INC (SNWV) is Bearish.
What is the RSI signal for SNWV stock?
SANUWAVE HEALTH INC (SNWV) has an RSI value of 32.5596. This indicates that the stock is currently neutral.
What is the MACD signal for SANUWAVE HEALTH INC (SNWV) stock?
The MACD indicator for SANUWAVE HEALTH INC (SNWV) has a value of -0.0551374, indicating a bearish trend.
What is the buy/sell signal for SANUWAVE HEALTH INC (SNWV) stock?
The buy/sell signal for SANUWAVE HEALTH INC (SNWV) is sell as both the short term and long term trends are negative.