WAVERLEY PHARMA INC (WAVE.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:WAVE • CA94357L1058
We assign a technical rating of 6 out of 10 to WAVE. In the past year, WAVE was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- Warning: WAVE has an average volume of 26203 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- WAVE is one of the better performing stocks in the Biotechnology industry, it outperforms 72% of 23 stocks in the same industry.
- WAVE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WAVE is lagging the market slightly.
- In the last month WAVE has a been trading in the 0.01 - 0.03 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, WAVE outperforms 64% of them, which is more or less in line with 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.
WAVE has an average technical rating and also 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
0.01
3 important support areas can be observed.
- Support @0.03 from a horizontal line in the daily time frame.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.04 to 0.04. 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 | NEUTRAL | NEUTRAL | The long term trend for WAVE.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WAVE.CA is up. |
| ChartMill Relative Strength | 64.06 | NEUTRAL | WAVE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WAVE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WAVE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WAVE.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.36 | NEUTRAL | The RSI value for WAVE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WAVE.CA has a positive trend. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests WAVE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.67 | HIGH VOLATILITY | The high ATR as a percentage value for WAVE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 11.97 | NEGATIVE | The low ADX value for WAVE.CA suggests a weak or negative trend. |
TSX-V:WAVE (1/23/2026, 7:00:00 PM)
0.03
0 (0%)
WAVERLEY PHARMA INC / WAVE.CA FAQ
What is the ChartMill technical rating of WAVERLEY PHARMA INC (WAVE.CA) stock?
ChartMill assigns a technical rating of 6 / 10 to WAVE.CA.
Can you provide the trend direction for WAVERLEY PHARMA INC?
The current trend direction for WAVERLEY PHARMA INC (WAVE.CA) is Bearish.
Can you provide the RSI signal for WAVERLEY PHARMA INC?
WAVERLEY PHARMA INC (WAVE.CA) has an RSI value of 62.3632. This indicates that the stock is currently neutral.
What is the short term momentum for WAVERLEY PHARMA INC (WAVE.CA) stock?
The short term momentum for WAVERLEY PHARMA INC (WAVE.CA) is positive.
What is the support and resistance level for WAVE stock?
WAVERLEY PHARMA INC (WAVE.CA) has a support level at 0.03 and a resistance level at 0.04. Check the full technical report for our detailed analysis of WAVE.CA support and resistance levels.