Overall WAVE gets a technical rating of 0 out of 10. WAVE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
5.65
We found 1 important support area.
- Support @5.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 5.86 to 5.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.20 to 6.29. 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 6.80 to 7.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.53 from a trend line in the weekly time frame.
- Resistance @8.37 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 | 9.66 | NEGATIVE | WAVE has a low relative strength, it was outperformed by 90.34% 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) | 37.53 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 19.94 | OVERSOLD | The low Stochastics value suggests WAVE may be oversold. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for WAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 22.86 | NEUTRAL | The ADX value for WAVE suggests a possible start of a new trend. |
NASDAQ:WAVE (12/31/2025, 4:30:47 PM)
5.8393
-0.09 (-1.44%)
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 37.529. This indicates that the stock is currently neutral.
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 5.71 and a resistance level at 5.86. Check the full technical report for our detailed analysis of WAVE support and resistance levels.