WAVE LIFE SCIENCES LTD (WVE) Stock Technical Analysis
USA - NASDAQ:WVE - SG9999014716 - Common Stock
We assign a technical rating of 4 out of 10 to WVE. In the last year, WVE was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
WVE has an average technical rating and the quality of the presented setup is also not ideal 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.
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6.45
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.75 to 7.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.09 to 7.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.94 from a trend line in the daily time frame.
- A support zone ranging from 6.52 to 6.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.05 to 9.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.39 from a trend line in the daily time frame.
- Resistance @9.69 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 | UP | POSITIVE | The short term trend for WVE is up. |
| ChartMill Relative Strength | 10.72 | NEGATIVE | WVE has a low relative strength, it was outperformed by 89.28% 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 | MIXED | The current price of WVE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WVE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.81 | NEUTRAL | The RSI value for WVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests WVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.45 | NEUTRAL | The Stochastics value for WVE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.57 | HIGH VOLATILITY | The high ATR as a percentage value for WVE suggests high volalility. |
| Average Directional Index/ADX (14) | 29.84 | POSITIVE | The high ADX value value for WVE suggests a strong trend. |
8.31
-0.73 (-8.08%)
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 4 / 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 56.8081. 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 0.125982, 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 7.93 and a resistance level at 9.05. Check the full technical report for our detailed analysis of WVE support and resistance levels.