ECO WAVE POWER GLOBAL AB-ADR (WAVE) Stock Technical Analysis
NASDAQ:WAVE - US27900N1037 - ADR
8.82 USD
+0.43 (+5.13%)
Overall WAVE gets a technical rating of 7 out of 10. WAVE has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Warning: WAVE has an average volume of 23736 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
WAVE is part of the Independent Power and Renewable Electricity Producers industry. There are 19 other stocks in this industry. WAVE outperforms 83% of them.
In the last month WAVE has a been trading in the 6.75 - 9.50 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, WAVE did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
WAVE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WAVE is lagging 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.
Although WAVE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.17
9.49
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.78 to 8.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.13 from a trend line in the daily time frame.
- Support @5.45 from a trend line in the weekly time frame.
- Support @5.22 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.15 to 9.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.40 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 | 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 | 95.76 | POSITIVE | WAVE has a high relative strength, it outperformed 95.76% 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 | POSITIVE | The current price of WAVE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.9 | NEUTRAL | The RSI value for WAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests WAVE has a positive trend. |
| Stochastics (14,3) | 63.52 | NEUTRAL | The Stochastics value for WAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.45 | HIGH VOLATILITY | The high ATR as a percentage value for WAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.31 | NEUTRAL | The ADX value for WAVE suggests a possible start of a new 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 (8/27/2025, 8:23:18 PM)
8.82
+0.43 (+5.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg5.13%
1 Week26.72%
2 Weeks11.08%
1 Month2.32%
3 Month47.74%
6 Month17.44%
12 Month121.28%
2 Year293.75%
3 Year90.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%6.45%
ATR Inc177.88%
Range Today1.1
ADR(20)0.53
ADR(20)%5.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.76
Mansfield0.47
10 Day High9.5
10 Day Low6.75
20 Day High9.5
20 Day Low6.75
52 Week High17.63
52 Week Low3.35
CS1 End8.81
CR1 Start9.15
Volume & EV
DER(3)3.59%
DER(5)-6.71%
Volume81.00K
Volume Incr91.43%
Vol(5)37.54K
Vol(50)23.74K