ECO WAVE POWER GLOBAL AB-ADR (WAVE) Stock Technical Analysis
USA - NASDAQ:WAVE - US27900N1037 - ADR
8.17 USD
+0.07 (+0.86%)
Taking everything into account, WAVE scores 4 out of 10 in our technical rating. WAVE was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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.
Warning: WAVE has an average volume of 25552 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that WAVE is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
WAVE is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 47% of 20 stocks in the same industry.
In the last month WAVE has a been trading in the 7.50 - 9.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
WAVE has an average technical rating and the quality of the presented setup is also not ideal at the moment. Prices have been consolidating lately.
More info and screens
5.39
9.62
5 important support areas can be observed.
- A support zone ranging from 8.01 to 8.14. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @7.67 from a trend line in the daily time frame.
- Support @7.50 from a horizontal line in the daily time frame.
- Support @5.80 from a trend line in the weekly time frame.
- Support @5.44 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @8.78 from a horizontal line in the daily time frame.
- Resistance @9.16 from a trend line in the weekly time frame.
- Resistance @9.52 from a trend 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 | 84.27 | POSITIVE | WAVE has a high relative strength, it outperformed 84.27% 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 | MIXED | The current price of WAVE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.05 | NEUTRAL | The RSI value for WAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests WAVE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.1 | NEUTRAL | The Stochastics value for WAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.06 | HIGH VOLATILITY | The high ATR as a percentage value for WAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 10.75 | 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 (10/13/2025, 9:54:49 AM)
8.17
+0.07 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.86%
1 Week-0.37%
2 Weeks-0.25%
1 Month-16.49%
3 Month21.99%
6 Month54.5%
12 Month22.73%
2 Year244.68%
3 Year100.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%7.06%
ATR Inc23.34%
Range Today0.13
ADR(20)0.54
ADR(20)%6.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.27
Mansfield-0.85
10 Day High8.73
10 Day Low7.5
20 Day High9.85
20 Day Low7.5
52 Week High17.63
52 Week Low4.41
CS1 End8.09
CR1 Start8.14
Volume & EV
DER(3)-8.43%
DER(5)-2.59%
Volume2.15K
Volume Incr24.94%
Vol(5)35.96K
Vol(50)25.55K