WAVE LIFE SCIENCES LTD (WVE) Stock Technical Analysis
NASDAQ:WVE • SG9999014716
We assign a technical rating of 6 out of 10 to WVE. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- WVE is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 80% of 192 stocks in the same industry.
- WVE has an average volume of 3978010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, WVE did better than 92% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- WVE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WVE is lagging the market.
- In the last month WVE has a been trading in the 12.51 - 14.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, WVE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WVE 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
6.50
5 important support areas can be observed.
- A support zone ranging from 12.95 to 13.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.58 to 12.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.66 from a trend line in the weekly time frame.
- Support @7.09 from a trend line in the daily time frame.
- Support @6.57 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.03 to 14.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for WVE is neutral. |
| ChartMill Relative Strength | 92.12 | POSITIVE | WVE has a high relative strength, it outperformed 92.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WVE is above the rising 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) | UP | POSITIVE | The current price of WVE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.99 | NEUTRAL | The RSI value for WVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests WVE has a positive trend. |
| Stochastics (14,3) | 56.59 | NEUTRAL | The Stochastics value for WVE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.43 | HIGH VOLATILITY | The high ATR as a percentage value for WVE suggests high volalility. |
| Average Directional Index/ADX (14) | 16.85 | NEGATIVE | The low ADX value for WVE suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.52 | 12.87 | 0.65 (4.81%) | 20.80% |
| An entry @13.52. This is a Buy Stop order right above the resistance zone. | An exit @12.87. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.65 points, which is 4.81%. | For a 1.00% total portfolio risk, you can invest 20.80% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WVE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.02
+0.52 (+3.85%)
WAVE LIFE SCIENCES LTD / WVE FAQ
What is the ChartMill technical rating of WAVE LIFE SCIENCES LTD (WVE) stock?
ChartMill assigns a technical rating of 6 / 10 to WVE.
What is the trend direction for WVE stock?
The current trend direction for WAVE LIFE SCIENCES LTD (WVE) is Bullish.
What is the RSI signal for WAVE LIFE SCIENCES LTD (WVE) stock?
WAVE LIFE SCIENCES LTD (WVE) has an RSI value of 55.9896. This indicates that the stock is currently neutral.
What is the MACD signal for WVE stock?
The MACD indicator for WAVE LIFE SCIENCES LTD (WVE) has a value of 0.113949, indicating a bearish trend.