Taking everything into account, SNWV scores 3 out of 10 in our technical rating. SNWV performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
SNWV has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
25.51
We found 3 important support areas.
- Support @32.05 from a horizontal line in the daily time frame.
- A support zone ranging from 28.94 to 29.31. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @25.77 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 33.23 to 33.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 35.00 to 35.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @36.08 from a trend 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 | UP | POSITIVE | The long term trend for SNWV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNWV is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | SNWV has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNWV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SNWV is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 53.73 | NEUTRAL | The RSI value for SNWV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests SNWV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.27 | NEUTRAL | The Stochastics value for SNWV is a neutral value. |
| Average True Range in percent/ATR (20) | 6.61 | HIGH VOLATILITY | The high ATR as a percentage value for SNWV suggests high volalility. |
| Average Directional Index/ADX (14) | 19.78 | NEGATIVE | The low ADX value for SNWV suggests a weak or negative trend. |
33.22
+1.16 (+3.62%)
SANUWAVE HEALTH INC / SNWV FAQ
Can you provide the ChartMill technical rating for SANUWAVE HEALTH INC?
ChartMill assigns a technical rating of 3 / 10 to SNWV.
What is the trend direction for SNWV stock?
The current trend direction for SANUWAVE HEALTH INC (SNWV) is Bullish.
What is the RSI signal for SNWV stock?
SANUWAVE HEALTH INC (SNWV) has an RSI value of 53.727. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SANUWAVE HEALTH INC?
The MACD indicator for SANUWAVE HEALTH INC (SNWV) has a value of 0.368414, indicating a bearish trend.
What is the support and resistance level for SNWV stock?
SANUWAVE HEALTH INC (SNWV) has a support level at 32.05 and a resistance level at 33.23. Check the full technical report for our detailed analysis of SNWV support and resistance levels.