ECO WAVE POWER GLOBAL AB-ADR (WAVE) Technical Analysis
NASDAQ:WAVE • US27900N1037
Current stock price
WAVE Technical Rating and Analysis
Taking everything into account, WAVE scores 6 out of 10 in our technical rating. WAVE has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- Warning: WAVE has an average volume of 11426 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- WAVE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that WAVE is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- WAVE is part of the Independent Power and Renewable Electricity Producers industry. There are 19 other stocks in this industry, WAVE did better than 44% of them.
- WAVE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WAVE is lagging the market slightly.
WAVE Weekly and Daily overview Charts
WAVE Setup Rating and Analysis
WAVE has an average technical rating and it also does not offer a high 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.
More info and screens
WAVE Support and Resistance Analysis
4.57
4 important support areas can be observed.
- A support zone ranging from 6.66 to 6.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.04 from a trend line in the daily time frame.
- Support @4.78 from a trend line in the weekly time frame.
- Support @4.62 from a horizontal line in the daily time frame.
WAVE 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 WAVE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WAVE is up. |
| ChartMill Relative Strength | 75.09 | POSITIVE | WAVE has a high relative strength, it outperformed 75.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WAVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WAVE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WAVE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.42 | NEUTRAL | The RSI value for WAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests WAVE has a positive trend. |
| Stochastics (14,3) | 75.83 | NEUTRAL | The Stochastics value for WAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.12 | HIGH VOLATILITY | The high ATR as a percentage value for WAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 39.3 | POSITIVE | The high ADX value value for WAVE suggests a strong trend. |
WAVE Chart- and CandleStick Pattern Analysis
WAVE Technicals: Chart, Performance Metrics, Trend & Indicators
6.85
+0.14 (+2.09%)
ECO WAVE POWER GLOBAL AB-ADR / WAVE TA FAQ
What is the ChartMill technical rating of ECO WAVE POWER GLOBAL AB-ADR (WAVE) stock?
ChartMill assigns a technical rating of 6 / 10 to WAVE.
Can you provide the trend direction for ECO WAVE POWER GLOBAL AB-ADR?
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 65.4217. This indicates that the stock is currently neutral.
What is the short term momentum for ECO WAVE POWER GLOBAL AB-ADR (WAVE) stock?
The short term momentum for ECO WAVE POWER GLOBAL AB-ADR (WAVE) is positive.
What is the support and resistance level for WAVE stock?
ECO WAVE POWER GLOBAL AB-ADR (WAVE) has a support level at 6.7 and a resistance level at 6.72. Check the full technical report for our detailed analysis of WAVE support and resistance levels.