WAVEDANCER INC (WAVD) Technical Analysis
NASDAQ:WAVD • US4566962027
Current stock price
WAVD Technical Rating and Analysis
Taking everything into account, WAVD scores 3 out of 10 in our technical rating. In the past year, WAVD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, WAVD is a bad performer in the overall market: 81% of all stocks are doing better.
- Warning: WAVD has an average volume of 21944 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month WAVD has a been trading in the 1.06 - 3.29 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- WAVD is an average performer in the IT Services industry, it outperforms 65% of 88 stocks in the same industry.
- WAVD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WAVD is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WAVD Weekly and Daily overview Charts
WAVD Setup Rating and Analysis
The technical rating of WAVD is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
WAVD Support and Resistance Analysis
1.74
We found 4 important support areas.
- A support zone ranging from 2.14 to 2.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.92 to 1.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.83 from a trend line in the daily time frame.
- Support @1.76 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.47 to 3.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
WAVD 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 | NEUTRAL | NEUTRAL | The long term trend for WAVD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WAVD is neutral. |
| ChartMill Relative Strength | 19.88 | NEGATIVE | WAVD has a low relative strength, it was outperformed by 80.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WAVD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WAVD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WAVD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.18 | OVERBOUGHT | The high RSI value suggests WAVD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests WAVD has a positive trend. |
| Stochastics (14,3) | 77 | NEUTRAL | The Stochastics value for WAVD is a neutral value. |
| Average True Range in percent/ATR (20) | 10.21 | HIGH VOLATILITY | The high ATR as a percentage value for WAVD suggests high volalility. |
| Average Directional Index/ADX (14) | 19.05 | NEGATIVE | The low ADX value for WAVD suggests a weak or negative trend. |
WAVD Chart- and CandleStick Pattern Analysis
WAVD Technicals: Chart, Performance Metrics, Trend & Indicators
3.17
+0.99 (+45.41%)
WAVEDANCER INC / WAVD TA FAQ
What is the technical rating for WAVD stock?
ChartMill assigns a technical rating of 3 / 10 to WAVD.
What is the trend direction for WAVD stock?
The current trend direction for WAVEDANCER INC (WAVD) is Bearish.
Can you provide the RSI signal for WAVEDANCER INC?
WAVEDANCER INC (WAVD) has an RSI value of 73.1794. This indicates that the stock is currently overbought.
What is the short term momentum for WAVD stock?
The short term momentum for WAVEDANCER INC (WAVD) is neutral.
What is the support and resistance level for WAVD stock?
WAVEDANCER INC (WAVD) has a support level at 2.17 and a resistance level at 3.47. Check the full technical report for our detailed analysis of WAVD support and resistance levels.