WAVE LIFE SCIENCES LTD (WVE) Stock Technical Analysis
NASDAQ:WVE - Nasdaq - SG9999014716 - Common Stock - Currency: USD
Overall WVE gets a technical rating of 8 out of 10. WVE has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
WVE is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 88% of 193 stocks in the same industry.
WVE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
WVE has an average volume of 1500660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that WVE is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall performance is mostly based on the strong move around 10 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.
Although WVE has an excellent technical rating, it does not present a decent entry opportunity 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
5.90
9.87
6 important support areas can be observed.
- A support zone ranging from 9.68 to 9.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.60 to 8.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.10 from a horizontal line in the daily time frame.
- Support @7.40 from a trend line in the daily time frame.
- Support @6.20 from a trend line in the weekly time frame.
- Support @5.96 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.77 to 9.77. 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 | NEUTRAL | NEUTRAL | The long term trend for WVE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WVE is up. |
| ChartMill Relative Strength | 95.25 | POSITIVE | WVE has a high relative strength, it outperformed 95.25% 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) | UP | POSITIVE | The current price of WVE is above the rising 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) | 68.76 | NEUTRAL | The RSI value for WVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests WVE has a positive trend. |
| Stochastics (14,3) | 83.26 | OVERBOUGHT | The high Stochastics value suggests WVE may be overbought. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for WVE suggests high volalility. |
| Average Directional Index/ADX (14) | 37.74 | POSITIVE | The high ADX value value for WVE suggests a strong trend. |
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)
9.76
+0.31 (+3.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg3.28%
1 Week9.54%
2 Weeks20.05%
1 Month16.33%
3 Month64.03%
6 Month-12.31%
12 Month70.03%
2 Year124.37%
3 Year228.62%
5 Year-22.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%5.39%
ATR Inc-24.27%
Range Today0.54
ADR(20)0.52
ADR(20)%5.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.25
Mansfield-0.57
10 Day High9.93
10 Day Low7.8
20 Day High9.93
20 Day Low7.75
52 Week High16.74
52 Week Low5.04
CS1 End9.75
CR1 Start9.77
Volume & EV
DER(3)2.25%
DER(5)-0.88%
Volume913.20K
Volume Incr9.14%
Vol(5)1.76M
Vol(50)1.50M