ECO WAVE POWER GLOBAL AB-ADR (WAVE) Stock Technical Analysis
NASDAQ:WAVE - Nasdaq - US27900N1037 - ADR - Currency: USD
We assign a technical rating of 5 out of 10 to WAVE. In the past year, WAVE was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
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.
Warning: WAVE has an average volume of 27861 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that WAVE is one of the better performing stocks in the market, outperforming 96% of all stocks.
WAVE is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry. WAVE outperforms 94% of them.
In the last month WAVE has a been trading in the 5.53 - 7.13 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, WAVE does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for WAVE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.06
7.06
When analyzing the support we can see 3 important areas.
- Support @5.97 from a horizontal line in the daily time frame.
- Support @5.63 from a trend line in the weekly time frame.
- Support @5.11 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @6.67 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 6.91 to 6.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.24
Mansfield-0.16
10 Day High7.13
10 Day Low5.81
20 Day High7.13
20 Day Low5.53
52 Week High17.63
52 Week Low2.2
Performance
1 Week9.23%
2 Weeks2.31%
1 Month18.29%
3 Month-27.06%
6 Month1.07%
12 Month119.54%
2 Year115.77%
3 Year65.75%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.1
RSI(14)53.03
LBB5.88
UBB6.89
NASDAQ:WAVE (5/13/2025, 8:05:58 PM)
6.63
-0.28 (-3.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-3.98%
1 Week9.23%
2 Weeks2.31%
1 Month18.29%
3 Month-27.06%
6 Month1.07%
12 Month119.54%
2 Year115.77%
3 Year65.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%8.28%
ATR Inc5.38%
Range Today0.46
ADR(20)0.51
ADR(20)%7.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.24
Mansfield-0.16
10 Day High7.13
10 Day Low5.81
20 Day High7.13
20 Day Low5.53
52 Week High17.63
52 Week Low2.2
CS1 End5.97
CR1 Start6.67
Volume & EV
DER(3)16.03%
DER(5)9.58%
Volume12.20K
Volume Incr-43.25%
Vol(5)18.78K
Vol(50)27.86K