SHOCKWAVE MEDICAL INC (SWAV) Stock Technical Analysis
NASDAQ:SWAV - Nasdaq - US82489T1043 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to SWAV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SWAV is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
SWAV is part of the Health Care Equipment & Supplies industry. There are 503 other stocks in this industry. SWAV outperforms 95% of them.
A new 52 week high is currently being made by SWAV, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so SWAV is leading the market.
SWAV has an average volume of 1453740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SWAV did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month SWAV has a been trading in a tight range between 329.50 and 334.90.
Volume is considerably higher in the last couple of days.
SWAV has an excellent technical rating, but the quality of the setup is only medium 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
321.83
338.19
When analyzing the support we notice one important area.
- A support zone ranging from 325.08 to 334.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 334.76 to 334.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SWAV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SWAV is up. |
| ChartMill Relative Strength | 87.72 | POSITIVE | SWAV has a high relative strength, it outperformed 87.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SWAV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SWAV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SWAV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.62 | OVERBOUGHT | The high RSI value suggests SWAV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests SWAV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 97.35 | OVERBOUGHT | The high Stochastics value suggests SWAV may be overbought. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for SWAV suggests low volalility. |
| Average Directional Index/ADX (14) | 53.95 | POSITIVE | The high ADX value value for SWAV suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 334.85 | 329.54 | 5.31 (1.59%) | 25.00% |
| An entry @334.85. This is a Buy Stop order right above the resistance zone. | An exit @329.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.31 points, which is 1.59%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.40%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
334.75
-0.08 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.02%
1 Week0.22%
2 Weeks1.17%
1 Month1.49%
3 Month27.08%
6 Month83.73%
12 Month15.77%
2 Year103.86%
3 Year86.08%
5 Year459.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%0.27%
ATR Inc-70.86%
Range Today0.19
ADR(20)0.63
ADR(20)%0.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.72
Mansfield2.02
10 Day High334.9
10 Day Low329.55
20 Day High334.9
20 Day Low329.5
52 Week High334.9
52 Week Low157
CS1 End334.46
CR1 Start334.76
Volume & EV
DER(3)3.94%
DER(5)2.29%
Volume4.71M
Volume Incr181.07%
Vol(5)2.02M
Vol(50)1.45M