SANUWAVE HEALTH INC (SNWV) Technical Analysis
NASDAQ:SNWV • US80303D3052
Current stock price
SNWV Technical Rating and Analysis
Taking everything into account, SNWV scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SNWV is a bad performer in the overall market: 94% of all stocks are doing better.
- SNWV is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 72% of 188 stocks in the same industry do better.
- SNWV 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 SNWV is lagging the market.
- In the last month SNWV has a been trading in the 16.27 - 24.09 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.
SNWV Weekly and Daily overview Charts
SNWV Setup Rating and Analysis
The technical rating of SNWV is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SNWV Support and Resistance Analysis
16.73
We found 1 important resistance area.
- Resistance @22.29 from a trend line in the daily time frame.
SNWV Technical Indicator Signal Analysis
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 | 6.45 | NEGATIVE | SNWV has a low relative strength, it was outperformed by 93.55% 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) | 18.38 | OVERSOLD | The low RSI value suggests SNWV may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests SNWV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.45 | OVERSOLD | The low Stochastics value suggests SNWV may be oversold. |
| Average True Range in percent/ATR (20) | 8.82 | HIGH VOLATILITY | The high ATR as a percentage value for SNWV suggests high volalility. |
| Average Directional Index/ADX (14) | 32.05 | POSITIVE | The high ADX value value for SNWV suggests a strong trend. |
SNWV Chart- and CandleStick Pattern Analysis
SNWV Technicals: Chart, Performance Metrics, Trend & Indicators
16.9
+0.05 (+0.3%)
SANUWAVE HEALTH INC / SNWV TA 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 SANUWAVE HEALTH INC (SNWV) stock?
SANUWAVE HEALTH INC (SNWV) has an RSI value of 18.3751. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for SANUWAVE HEALTH INC?
The buy/sell signal for SANUWAVE HEALTH INC (SNWV) is sell as both the short term and long term trends are negative.
What is the support and resistance level for SNWV stock?
SANUWAVE HEALTH INC (SNWV) has a resistance level at 22.29. Check the full technical report for our detailed analysis of SNWV support and resistance levels.