ECO WAVE POWER GLOBAL AB-ADR (WAVE) Technical Analysis
NASDAQ:WAVE • US27900N1037
Current stock price
7 USD
+0.17 (+2.49%)
Last:
WAVE Technical Rating and Analysis
Overall WAVE gets a technical rating of 6 out of 10. In the past year, WAVE was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- Warning: WAVE has an average volume of 11048 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.
- In the last month WAVE has a been trading in the 5.55 - 7.10 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.
- When comparing the yearly performance of all stocks, we notice that WAVE is one of the better performing stocks in the market, outperforming 76% 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 20 other stocks in this industry, WAVE did better than 57% of them.
- 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.
WAVE Weekly and Daily overview Charts
WAVE Setup Rating and Analysis
WAVE has an average technical rating and the quality of the presented setup is also not ideal 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
4.84
7.07
When analyzing the support we can see 4 important areas.
- A support zone ranging from 6.82 to 6.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.26 to 6.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.89 from a horizontal line in the daily time frame.
- Support @4.89 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @7.00 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 | 76.61 | POSITIVE | WAVE has a high relative strength, it outperformed 76.61% 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) | DOWN | MIXED | The current price of WAVE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.69 | NEUTRAL | The RSI value for WAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests WAVE has a positive trend. |
| Stochastics (14,3) | 67.34 | NEUTRAL | The Stochastics value for WAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.5 | HIGH VOLATILITY | The high ATR as a percentage value for WAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 40.06 | POSITIVE | The high ADX value value for WAVE suggests a strong trend. |
WAVE Chart- and CandleStick Pattern Analysis
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)
WAVE Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:WAVE (4/22/2026, 1:41:40 PM)
7
+0.17 (+2.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg2.49%
1 Week8.41%
2 Weeks15.95%
1 Month1.79%
3 Month31.85%
6 Month-14.73%
12 Month9.11%
2 Year176.52%
3 Year142.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%7.5%
ATR Inc4.06%
Range Today0.22
ADR(20)0.47
ADR(20)%6.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.61
3 months CRS94.99
6 months CRS23.31
Mansfield-0.57
10 Day High7.1
10 Day Low5.9
20 Day High7.1
20 Day Low5.55
52 Week High9.87
52 Week Low4.41
CS1 End6.28
CR1 Start6.84
Volume & EV
DER(3)-6.08%
DER(5)-9.21%
Volume9.63K
Volume Incr30.9%
Vol(5)16.12K
Vol(50)11.05K
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.
What is the RSI signal for WAVE stock?
ECO WAVE POWER GLOBAL AB-ADR (WAVE) has an RSI value of 59.6915. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ECO WAVE POWER GLOBAL AB-ADR?
The MACD indicator for ECO WAVE POWER GLOBAL AB-ADR (WAVE) has a value of 0.0513637, indicating a bearish trend.