ECO WAVE POWER GLOBAL AB-ADR (WAVE) Stock Technical Analysis
NASDAQ:WAVE • US27900N1037
Taking everything into account, WAVE scores 0 out of 10 in our technical rating. WAVE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, WAVE is a bad performer in the overall market: 89% of all stocks are doing better.
- WAVE is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, of which 89% are performing better than WAVE.
- WAVE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month WAVE has a been trading in the 4.52 - 5.50 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: WAVE has an average volume of 10640 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Although the technical rating is bad, WAVE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.96, a Stop Loss order could be placed below this zone. 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.
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4.54
2 important support areas can be observed.
- A support zone ranging from 4.91 to 4.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.59 to 4.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.43 to 5.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.44 from a trend line in the weekly 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 | 11.2 | NEGATIVE | WAVE has a low relative strength, it was outperformed by 88.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WAVE is above 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) | 46.92 | NEUTRAL | The RSI value for WAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WAVE has a positive trend. |
| Stochastics (14,3) | 36.08 | NEUTRAL | The Stochastics value for WAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.47 | HIGH VOLATILITY | The high ATR as a percentage value for WAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 15.96 | NEGATIVE | The low ADX value for WAVE suggests a weak or negative trend. |
NASDAQ:WAVE (2/27/2026, 8:00:02 PM)
4.99
+0.21 (+4.39%)
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 46.9233. 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 4.96 and a resistance level at 5.43. Check the full technical report for our detailed analysis of WAVE support and resistance levels.