WAVE LIFE SCIENCES LTD (WVE) Stock Technical Analysis
USA - NASDAQ:WVE - SG9999014716 - Common Stock
We assign a technical rating of 0 out of 10 to WVE. WVE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of WVE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.20
3 important support areas can be observed.
- Support @6.79 from a horizontal line in the weekly time frame.
- A support zone ranging from 6.55 to 6.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.96 to 7.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.86 from a trend line in the daily time frame.
- Resistance @9.28 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for WVE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WVE is down. |
| ChartMill Relative Strength | 6.09 | NEGATIVE | WVE has a low relative strength, it was outperformed by 93.91% 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) | 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) | 40.35 | NEUTRAL | The RSI value for WVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests WVE has a negative trend. |
| Stochastics (14,3) | 12.07 | OVERSOLD | The low Stochastics value suggests WVE may be oversold. |
| Average True Range in percent/ATR (20) | 9.26 | HIGH VOLATILITY | The high ATR as a percentage value for WVE suggests high volalility. |
| Average Directional Index/ADX (14) | 25.91 | POSITIVE | The high ADX value value for WVE suggests a strong trend. |
6.955
-0.3 (-4.2%)
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 0 / 10 to WVE.
What is the current trend direction of WAVE LIFE SCIENCES LTD (WVE) stock?
The current trend direction for WAVE LIFE SCIENCES LTD (WVE) is Bearish.
Can you provide the RSI signal for WAVE LIFE SCIENCES LTD?
WAVE LIFE SCIENCES LTD (WVE) has an RSI value of 40.3489. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WAVE LIFE SCIENCES LTD?
The MACD indicator for WAVE LIFE SCIENCES LTD (WVE) has a value of -0.118846, indicating a bearish trend.
What are the support and resistance levels for WAVE LIFE SCIENCES LTD (WVE) stock?
WAVE LIFE SCIENCES LTD (WVE) has a support level at 6.79 and a resistance level at 6.96. Check the full technical report for our detailed analysis of WVE support and resistance levels.