ECO WAVE POWER GLOBAL AB-ADR (WAVE) Stock Technical Analysis
NASDAQ:WAVE - Nasdaq - US27900N1037 - ADR
Overall WAVE gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month WAVE has a been trading in the 8.00 - 16.32 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that WAVE is one of the better performing stocks in the market, outperforming 99% of all stocks.
WAVE is part of the Independent Power and Renewable Electricity Producers industry. There are 21 other stocks in this industry. WAVE outperforms 95% of them.
WAVE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WAVE is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although WAVE 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
9.13
11.46
2 important support areas can be observed.
- Support @9.70 from a horizontal line in the weekly time frame.
- Support @9.22 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.20 to 10.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.22 to 11.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.15
Mansfield9.6
10 Day High11.57
10 Day Low8
20 Day High16.32
20 Day Low8
52 Week High17.63
52 Week Low1.01
Performance
1 Week14.01%
2 Weeks-4.81%
1 Month-26.88%
3 Month14.13%
6 Month318.33%
12 Month638.66%
2 Year190.35%
3 Year69.08%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.14
RSI(14)47.46
LBB8.5
UBB12.26
ECO WAVE POWER GLOBAL AB-ADR
NASDAQ:WAVE (1/22/2025, 12:41:51 PM)
9.8
-0.7 (-6.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-6.67%
1 Week14.01%
2 Weeks-4.81%
1 Month-26.88%
3 Month14.13%
6 Month318.33%
12 Month638.66%
2 Year190.35%
3 Year69.08%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.39
ATR(20)%14.58%
ATR Inc-36.03%
Range Today1.18
ADR(20)1.53
ADR(20)%15.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.15
Mansfield9.6
10 Day High11.57
10 Day Low8
20 Day High16.32
20 Day Low8
52 Week High17.63
52 Week Low1.01
CS1 End9.7
CR1 Start10.51
Volume & EV
DER(3)-13.28%
DER(5)-6.09%
Volume24.45K
Volume Incr-65.19%
Vol(5)37.26K
Vol(50)109.28K