6.652 USD
-0.14 (-2.03%)
We assign a technical rating of 0 out of 10 to WAVE. WAVE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
91% of all other stocks performed better in the past year than WAVE.
WAVE is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, of which 89% are performing better than WAVE.
WAVE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month WAVE has a been trading in the 6.65 - 8.49 range, which is quite wide. It is currently trading near the lows of this range.
Warning: WAVE has an average volume of 26014 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
WAVE has a poor technical rating and the quality of the setup is also 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
5.97
8.45
We found 3 important support areas.
- A support zone ranging from 6.64 to 6.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.28 from a trend line in the weekly time frame.
- Support @6.03 from a trend line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.82 to 6.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.46 to 7.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.83 from a trend line in the daily time frame.
- A resistance zone ranging from 8.07 to 8.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.37 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 | DOWN | NEGATIVE | The long term trend for WAVE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WAVE is down. |
| ChartMill Relative Strength | 9.6 | NEGATIVE | WAVE has a low relative strength, it was outperformed by 90.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WAVE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WAVE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WAVE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.7 | NEUTRAL | The RSI value for WAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests WAVE has a negative trend. |
| Stochastics (14,3) | 8.4 | OVERSOLD | The low Stochastics value suggests WAVE may be oversold. |
| Average True Range in percent/ATR (20) | 6.17 | HIGH VOLATILITY | The high ATR as a percentage value for WAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 9.07 | NEGATIVE | The low ADX value for WAVE suggests a weak or negative 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)
NASDAQ:WAVE (12/5/2025, 8:00:02 PM)
6.652
-0.14 (-2.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-2.03%
1 Week-2.46%
2 Weeks-7.09%
1 Month-10.23%
3 Month-22.53%
6 Month10.87%
12 Month-41.13%
2 Year436.45%
3 Year123.48%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%6.17%
ATR Inc-59.91%
Range Today0.19
ADR(20)0.39
ADR(20)%5.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.6
3 months CRS10.87
6 months CRS65.02
Mansfield-2.51
10 Day High7.44
10 Day Low6.65
20 Day High8.49
20 Day Low6.65
52 Week High17.63
52 Week Low4.41
CS1 End6.64
CR1 Start6.82
Volume & EV
DER(3)3.66%
DER(5)-1.12%
Volume19.30K
Volume Incr-42.66%
Vol(5)10.86K
Vol(50)26.01K
ECO WAVE POWER GLOBAL AB-ADR / WAVE FAQ
What is the ChartMill technical rating of ECO WAVE POWER GLOBAL AB-ADR (WAVE) stock?
ChartMill assigns a technical rating of 0 / 10 to WAVE.
What is the trend direction for WAVE stock?
The current trend direction for ECO WAVE POWER GLOBAL AB-ADR (WAVE) is Bearish.
Can you provide the RSI signal for ECO WAVE POWER GLOBAL AB-ADR?
ECO WAVE POWER GLOBAL AB-ADR (WAVE) has an RSI value of 37.6972. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ECO WAVE POWER GLOBAL AB-ADR?
The short term momentum for ECO WAVE POWER GLOBAL AB-ADR (WAVE) is negative.
Can you provide the buy/sell signal for ECO WAVE POWER GLOBAL AB-ADR?
The buy/sell signal for ECO WAVE POWER GLOBAL AB-ADR (WAVE) is sell as both the short term and long term trends are negative.