NASDAQ:WVE • SG9999014716
We assign a technical rating of 6 out of 10 to WVE. In the last year, WVE was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, WVE does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 13.75, a Stop Loss order could be placed below this zone.
6.50
We found 5 important support areas.
When analyzing the resistance we notice 2 important areas.
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 | 93.52 | POSITIVE | WVE has a high relative strength, it outperformed 93.52% 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) | 51.18 | NEUTRAL | The RSI value for WVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests WVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.18 | NEUTRAL | The Stochastics value for WVE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for WVE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.53 | NEUTRAL | The ADX value for WVE suggests a possible start of a new 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 |
|---|---|---|---|
| 13.95 | 13.50 | 0.45 (3.23%) | 25.00% |
| An entry @13.95. This is a Buy Stop order right above the resistance zone. | An exit @13.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.45 points, which is 3.23%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
13.85
-0.08 (-0.57%)
ChartMill assigns a technical rating of 6 / 10 to WVE.
The current trend direction for WAVE LIFE SCIENCES LTD (WVE) is Bullish.
WAVE LIFE SCIENCES LTD (WVE) has an RSI value of 51.1759. This indicates that the stock is currently neutral.
The MACD indicator for WAVE LIFE SCIENCES LTD (WVE) has a value of 0.156711, indicating a bearish trend.