ECO WAVE POWER GLOBAL AB-ADR (WAVE) Stock Technical Analysis
NASDAQ:WAVE - Nasdaq - US27900N1037 - ADR - Currency: USD
Overall WAVE gets a technical rating of 2 out of 10. Although WAVE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
WAVE is currently trading in the lower part 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.
In the last month WAVE has a been trading in the 5.65 - 6.65 range, which is quite wide. It is currently trading near the lows of this range.
Warning: WAVE has an average volume of 23397 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
WAVE is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 73% of 20 stocks in the same industry.
Looking at the yearly performance, WAVE did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
WAVE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
5.19
7.02
We found 2 important support areas.
- Support @5.34 from a trend line in the daily time frame.
- Support @5.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.82 to 6.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.95 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 | 85.91 | POSITIVE | WAVE has a high relative strength, it outperformed 85.91% 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) | UP | MIXED | The current price of WAVE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.58 | NEUTRAL | The RSI value for WAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests WAVE has a negative trend. |
| Stochastics (14,3) | 27.85 | NEUTRAL | The Stochastics value for WAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for WAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 6.89 | 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 (6/13/2025, 8:00:02 PM)
5.72
-0.17 (-2.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-2.89%
1 Week-4.67%
2 Weeks-4.19%
1 Month-8.99%
3 Month-28.86%
6 Month-61.87%
12 Month70.24%
2 Year128.8%
3 Year34.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%5.48%
ATR Inc-5.95%
Range Today0.21
ADR(20)0.31
ADR(20)%5.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.91
Mansfield-1.84
10 Day High6.15
10 Day Low5.66
20 Day High6.65
20 Day Low5.65
52 Week High17.63
52 Week Low2.2
CS1 End5.34
CR1 Start5.82
Volume & EV
DER(3)-24.02%
DER(5)-14.23%
Volume6.20K
Volume Incr0.61%
Vol(5)15.60K
Vol(50)23.40K