SHOCKWAVE MEDICAL INC (SWAV)       252  -0.46 (-0.18%)

252  -0.46 (-0.18%)

US82489T1043 - Common Stock

Technical Rating

1

Taking everything into account, SWAV scores 1 out of 10 in our technical rating. SWAV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



SWAV is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 88% of 221 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that SWAV is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SWAV is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month SWAV has a been trading in the 234.81 - 289.96 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -10.98% -13.60% 55.53% 52.89% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 92.36 113.36 - 320.54
SWAV Weekly chart
SWAV Daily chart

Support/Resistance Analysis


154.86

296.42
2 important support areas can be observed.
  • A support zone ranging from 242.78 to 249.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @156.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
  • A resistance zone ranging from 253.42 to 259.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 264.28 to 267.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @273.67 from a trend line in the weekly time frame.
  • A resistance zone ranging from 284.67 to 288.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @293.49 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

5

SWAV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 249.32, a Stop Loss order could be placed below this zone.


SWAV Daily chart

SHOCKWAVE MEDICAL INC252

NASDAQ:SWAV (12/2/2022, 11:03:27 AM)-0.46 (-0.18%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Health Care Equipment & Supplies
Performance
Today -0.18% 1 Week -4.39%
2 Weeks 0.33% 1 Month -10.98%
3 Month -13.6% 6 Month 55.53%
Volatility
ATR(14) 12.48 ATR(20)% 5.89%
ATR Inc -11.38% Range Today 5.99
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 92.36 Mansfield 2.12
10 Day High 269.74 10 Day Low 238
20 Day High 289.96 20 Day Low 234.81
52 Week High 320.54 52 Week Low 113.36
CS1 End 249.32 CR1 Start 253.42
Volume & EV
DER(3) 2.23% DER(5) 2.05%
Volume 121.74K Volume Incr -32.37%
Vol(5) 370.92K Vol(50) 470.57K

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