SHOCKWAVE MEDICAL INC (SWAV) Technical Analysis
NASDAQ:SWAV • US82489T1043
Current stock price
SWAV Technical Rating and Analysis
Taking everything into account, SWAV scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SWAV has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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 188 other stocks in this industry. SWAV outperforms 94% of them.
- SWAV is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, 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 overall good ranking is mostly due to the recent strong 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 Weekly and Daily overview Charts
SWAV Setup Rating and Analysis
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.
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SWAV Support and Resistance Analysis
321.83
We found 1 important support 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.
SWAV 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 | 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. |
SWAV Chart- and CandleStick Pattern Analysis
SWAV Example Setup
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 trade has a worst case loss of 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.
SWAV Technicals: Chart, Performance Metrics, Trend & Indicators
334.75
-0.08 (-0.02%)
SHOCKWAVE MEDICAL INC / SWAV TA FAQ
What is the technical rating for SWAV stock?
ChartMill assigns a technical rating of 9 / 10 to SWAV.
Can you provide the trend direction for SHOCKWAVE MEDICAL INC?
The current trend direction for SHOCKWAVE MEDICAL INC (SWAV) is Bullish.
What is the RSI signal for SHOCKWAVE MEDICAL INC (SWAV) stock?
SHOCKWAVE MEDICAL INC (SWAV) has an RSI value of 77.6215. This indicates that the stock is currently overbought.
Can you provide the MACD signal for SHOCKWAVE MEDICAL INC?
The MACD indicator for SHOCKWAVE MEDICAL INC (SWAV) has a value of -0.473721, indicating a bearish trend.
Can you provide the short term momentum for SHOCKWAVE MEDICAL INC?
The short term momentum for SHOCKWAVE MEDICAL INC (SWAV) is positive.