WVE Technical Analysis - WAVE LIFE SCIENCES LTD

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to WVE. WVE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, WVE is a bad performer in the overall market: 79% of all stocks are doing better.

WVE 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.

In the last month WVE has a been trading in the 6.57 - 8.30 range, which is quite wide. It is currently trading near the lows of this range.

WVE has an average volume of 1965570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

WVE is part of the Pharmaceuticals industry. There are 196 other stocks in this industry, WVE did better than 42% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WAVE LIFE SCIENCES LTD / WVE Weekly stock chart

WAVE LIFE SCIENCES LTD / WVE Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, WVE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 6.79, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.08

9.98

We found 3 important support areas.

A support zone ranging from 6.57 to 6.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @6.38 from a trend line in the weekly time frame.
Support @6.14 from a trend line in the weekly time frame.

We can see 4 important resistance areas.

Resistance @7.33 from a horizontal line in the daily time frame.
Resistance @9.23 from a trend line in the weekly time frame.
Resistance @9.53 from a trend line in the daily time frame.
Resistance @9.88 from a trend line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 WVE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WVE is down.
ChartMill Relative Strength	21.79	NEGATIVE	WVE has a low relative strength, it was outperformed by 78.21% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of WVE is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WVE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WVE is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.62	NEUTRAL	The RSI value for WVE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests WVE has a positive trend.
Stochastics (14,3)	54.4	NEUTRAL	The Stochastics value for WVE is a neutral value.
Average True Range in percent/ATR (20)	4.73	MEDIUM VOLATILITY	The ATR as a percentage value for WVE suggests some volalility.
Average Directional Index/ADX (14)	20.59	NEUTRAL	The ADX value for WVE suggests a possible start of a new trend.