13.84 USD
-0.99 (-6.68%)
13.91 USD
+0.07 (+0.51%)
Taking everything into account, WVE scores 7 out of 10 in our technical rating. In the last year, WVE was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month WVE has a been trading in the 13.76 - 20.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
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 78% of 192 stocks in the same industry.
WVE has an average volume of 7776160 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 92% of all stocks. However, this overall good ranking is mostly due to the recent strong 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.
Although WVE has an excellent technical rating, it does not offer a high 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
6.50
15.62
3 important support areas can be observed.
- Support @7.36 from a trend line in the weekly time frame.
- Support @6.97 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 15.44 to 15.47. This zone is formed by a combination of multiple trend lines 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 | 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 | 92.62 | POSITIVE | WVE has a high relative strength, it outperformed 92.62% 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) | UP | POSITIVE | The current price of WVE is above the rising 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) | 45.74 | NEUTRAL | The RSI value for WVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests WVE has a negative trend. |
| Stochastics (14,3) | 10.07 | OVERSOLD | The low Stochastics value suggests WVE may be oversold. |
| Average True Range in percent/ATR (20) | 11.01 | HIGH VOLATILITY | The high ATR as a percentage value for WVE suggests high volalility. |
| Average Directional Index/ADX (14) | 32.86 | 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)
13.84
-0.99 (-6.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-6.68%
1 Week-13.23%
2 Weeks-24.16%
1 Month-31.59%
3 Month82.11%
6 Month79.74%
12 Month19.93%
2 Year220.37%
3 Year180.73%
5 Year36.09%
10 Year2.29%
15 YearN/A
Volatility
ATR(14)1.43
ATR(20)%11.01%
ATR Inc-2.37%
Range Today1.32
ADR(20)1.5
ADR(20)%10.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.62
3 months CRS98.61
6 months CRS95.02
Mansfield3.98
10 Day High19.5
10 Day Low13.76
20 Day High20
20 Day Low13.76
52 Week High21.73
52 Week Low5.28
CS1 End7.36
CR1 Start15.44
Volume & EV
DER(3)-2.79%
DER(5)-3.63%
Volume3.75M
Volume Incr-52.27%
Vol(5)6.57M
Vol(50)7.78M
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 7 / 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 45.736. 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 -0.675482, indicating a bearish trend.