We assign a technical rating of 6 out of 10 to WVE. In the last year, WVE was one of the better performers, but we do observe some doubts in the very recent evolution.
WVE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
6.42
4 important support areas can be observed.
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 | UP | POSITIVE | The long term trend for WVE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WVE is down. |
| ChartMill Relative Strength | 86.92 | POSITIVE | WVE has a high relative strength, it outperformed 86.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WVE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WVE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WVE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.45 | NEUTRAL | The RSI value for WVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests WVE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.04 | OVERSOLD | The low Stochastics value suggests WVE may be oversold. |
| Average True Range in percent/ATR (20) | 9.02 | HIGH VOLATILITY | The high ATR as a percentage value for WVE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.91 | NEUTRAL | The ADX value for WVE suggests a possible start of a new trend. |
12.94
-0.07 (-0.54%)
ChartMill assigns a technical rating of 6 / 10 to WVE.
The current trend direction for WAVE LIFE SCIENCES LTD (WVE) is Bullish.
WAVE LIFE SCIENCES LTD (WVE) has an RSI value of 41.4452. This indicates that the stock is currently neutral.
The MACD indicator for WAVE LIFE SCIENCES LTD (WVE) has a value of -0.256547, indicating a bearish trend.
The buy/sell signal for WAVE LIFE SCIENCES LTD (WVE) is hold as the short term and long term trends are mixed.