WAVE LIFE SCIENCES LTD (WVE)

SG9999014716 - Common Stock

6.04  +0.38 (+6.71%)

After market: 6.04 0 (0%)

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to WVE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WVE is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
WVE is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 73% of 203 stocks in the same industry.
In the last month WVE has a been trading in the 4.69 - 7.67 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, WVE did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
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.
Weekly and Daily overview Charts
WVE Weekly chart
WVE Daily chart
Setup Rating and Analysis

6

WVE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.79. Right above this resistance zone may be a good entry point. 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.
Support and Resistance Analysis

3.47

6.95

We found 5 important support areas.

  • Support @5.65 from a horizontal line in the daily time frame.
  • Support @4.08 from a trend line in the weekly time frame.
  • Support @3.96 from a trend line in the weekly time frame.
  • Support @3.64 from a horizontal line in the weekly time frame.
  • Support @3.51 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 6.79 to 6.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.22
Mansfield1
10 Day High6.82
10 Day Low5.57
20 Day High7.67
20 Day Low4.69
52 Week High7.67
52 Week Low3.15
Performance
1 Week-2.27%
2 Weeks-11.63%
1 Month18.43%
3 Month19.6%
6 Month5.04%
12 Month39.49%
2 Year202%
3 Year7.66%
5 Year-84.45%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.11
RSI(14)55.96
LBB5.37
UBB7.06
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
6.895.641.25 (18.14%)5.51%
An entry @6.89. This is a Buy Stop order right above the resistance zone.An exit @5.64. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.25 points, which is 18.14%.When investing 5.51% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
WVE Daily chart

WAVE LIFE SCIENCES LTD

NASDAQ:WVE (3/27/2024, 8:00:03 PM)

After market: 6.04 0 (0%)

6.04

+0.38 (+6.71%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg6.71%
1 Week-2.27%
2 Weeks-11.63%
1 Month18.43%
3 Month19.6%
6 Month5.04%
12 Month39.49%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.44
ATR(20)%9.13%
ATR Inc
Range Today0.39
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High6.82
10 Day Low5.57
20 Day High7.67
20 Day Low4.69
52 Week High7.67
52 Week Low3.15
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume413.00K
Volume Incr-52.91%
Vol(5)688.42K
Vol(50)976.67K