ECO WAVE POWER GLOBAL AB-ADR (WAVE) Stock Technical Analysis
NASDAQ:WAVE - Nasdaq - US27900N1037 - ADR - Currency: USD
Taking everything into account, WAVE scores 2 out of 10 in our technical rating. Although WAVE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
WAVE is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: WAVE has an average volume of 26967 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
WAVE is part of the Independent Power and Renewable Electricity Producers industry. There are 21 other stocks in this industry. WAVE outperforms 90% of them.
Looking at the yearly performance, WAVE did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month WAVE has a been trading in the 4.51 - 7.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, WAVE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.11. Right above this resistance zone may be a good entry point.
More info and screens
4.93
6.73
We found 3 important support areas.
- A support zone ranging from 5.72 to 5.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.24 from a horizontal line in the weekly time frame.
- Support @4.98 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.11 to 6.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.66 from a trend line 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
CRS96.16
Mansfield0.11
10 Day High6.45
10 Day Low4.51
20 Day High7.35
20 Day Low4.51
52 Week High17.63
52 Week Low2.2
Performance
1 Week0.83%
2 Weeks2.72%
1 Month-16.23%
3 Month-34.06%
6 Month-34.35%
12 Month120.44%
2 Year114.57%
3 Year21.77%
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)0.08
RSI(14)45.06
LBB4.93
UBB6.87
NASDAQ:WAVE (4/23/2025, 4:30:02 PM)
6.04
+0.31 (+5.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg5.41%
1 Week0.83%
2 Weeks2.72%
1 Month-16.23%
3 Month-34.06%
6 Month-34.35%
12 Month120.44%
2 Year114.57%
3 Year21.77%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.76
ATR(20)%12.14%
ATR Inc-25.16%
Range Today0.55
ADR(20)0.68
ADR(20)%11.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.16
Mansfield0.11
10 Day High6.45
10 Day Low4.51
20 Day High7.35
20 Day Low4.51
52 Week High17.63
52 Week Low2.2
CS1 End5.73
CR1 Start6.11
Volume & EV
DER(3)-14.1%
DER(5)-7.87%
Volume38.17K
Volume Incr2.2%
Vol(5)28.51K
Vol(50)26.97K