Overall WAVE gets a technical rating of 0 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 92% 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 5.11 - 6.30 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: WAVE has an average volume of 12200 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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.
More info and screens
4.79
We found 1 important support area.
- Support @4.84 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.61 to 5.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.30 to 6.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.98 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 | 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 | 8.31 | NEGATIVE | WAVE has a low relative strength, it was outperformed by 91.69% 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) | 27.52 | OVERSOLD | The low RSI value suggests WAVE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests WAVE has a negative trend. |
| Stochastics (14,3) | 6.72 | OVERSOLD | The low Stochastics value suggests WAVE may be oversold. |
| Average True Range in percent/ATR (20) | 5.74 | HIGH VOLATILITY | The high ATR as a percentage value for WAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.43 | NEUTRAL | The ADX value for WAVE suggests a possible start of a new trend. |
NASDAQ:WAVE (1/27/2026, 11:07:40 AM)
5.14
-0.02 (-0.39%)
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.
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 27.5164. This indicates that the stock is currently oversold.
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 negative.
What is the support and resistance level for WAVE stock?
ECO WAVE POWER GLOBAL AB-ADR (WAVE) has a support level at 4.84 and a resistance level at 5.61. Check the full technical report for our detailed analysis of WAVE support and resistance levels.