WAVESTONE (WAVE.PA) Stock Technical Analysis
EPA:WAVE - Euronext Paris - Matif - FR0013357621 - Common Stock - Currency: EUR
Taking everything into account, WAVE scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, WAVE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, WAVE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 57.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 57.40, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
44.75
3 important support areas can be observed.
- A support zone ranging from 57.30 to 57.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.49 to 51.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.20 to 45.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @58.51 from a horizontal line in the daily time frame.
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 WAVE.PA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WAVE.PA is up. |
| ChartMill Relative Strength | 84.48 | POSITIVE | WAVE.PA has a high relative strength, it outperformed 84.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WAVE.PA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WAVE.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WAVE.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.96 | NEUTRAL | The RSI value for WAVE.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WAVE.PA has a negative trend. |
| Stochastics (14,3) | 82.5 | OVERBOUGHT | The high Stochastics value suggests WAVE.PA may be overbought. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for WAVE.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.12 | POSITIVE | The high ADX value value for WAVE.PA suggests a strong trend. |
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 |
|---|---|---|---|
| 58.52 | 57.29 | 1.23 (2.10%) | 25.00% |
| An entry @58.52. This is a Buy Stop order right above the resistance zone. | An exit @57.29. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.23 points, which is 2.10%. | For a 0.53% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WAVE. Please evaluate whether better entry and exit points can be found.
- 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.
EPA:WAVE (6/19/2025, 7:00:00 PM)
57.8
+0.2 (+0.35%)