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.
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
When analyzing the support we can see 2 important areas.
- Support @15.54 from a horizontal line in the daily time frame.
- Support @6.57 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 17.13 to 17.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @18.25 from a horizontal 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 | UP | POSITIVE | The long term trend for WVE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WVE is up. |
| ChartMill Relative Strength | 96.99 | POSITIVE | WVE has a high relative strength, it outperformed 96.99% 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) | UP | POSITIVE | The current price of WVE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.37 | NEUTRAL | The RSI value for WVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests WVE has a negative trend. |
| Stochastics (14,3) | 37.47 | NEUTRAL | The Stochastics value for WVE is a neutral value. |
| Average True Range in percent/ATR (20) | 11.26 | HIGH VOLATILITY | The high ATR as a percentage value for WVE suggests high volalility. |
| Average Directional Index/ADX (14) | 39.57 | POSITIVE | The high ADX value value for WVE suggests a strong trend. |
17
-0.15 (-0.87%)
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 9 / 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 61.3699. 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 -0.187899, indicating a bearish trend.
What is the buy/sell signal for WAVE LIFE SCIENCES LTD (WVE) stock?
The buy/sell signal for WAVE LIFE SCIENCES LTD (WVE) is buy as both the short term and long term trends are positive.