ECO WAVE POWER GLOBAL AB-ADR (WAVE) Stock Technical Analysis
USA - NASDAQ:WAVE - US27900N1037 - ADR
We assign a technical rating of 3 out of 10 to WAVE. In the last year, WAVE was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The technical rating of WAVE is bad and it also does not present a quality setup 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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5.82
We found 4 important support areas.
- Support @7.41 from a horizontal line in the weekly time frame.
- A support zone ranging from 6.90 to 6.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.10 from a trend line in the weekly time frame.
- Support @5.88 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @8.48 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for WAVE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WAVE is neutral. |
| ChartMill Relative Strength | 77.11 | POSITIVE | WAVE has a high relative strength, it outperformed 77.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WAVE is above 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 | MIXED | The current price of WAVE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.9 | NEUTRAL | The RSI value for WAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests WAVE has a positive trend. |
| Stochastics (14,3) | 55.87 | NEUTRAL | The Stochastics value for WAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.2 | HIGH VOLATILITY | The high ATR as a percentage value for WAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 13.81 | NEGATIVE | The low ADX value for WAVE suggests a weak or negative trend. |
NASDAQ:WAVE (11/11/2025, 9:35:59 AM)
8.2
+0.12 (+1.49%)
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 3 / 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 53.8979. 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 neutral.