ECO WAVE POWER GLOBAL AB-ADR (WAVE) Stock Technical Analysis
NASDAQ:WAVE - Nasdaq - US27900N1037 - ADR - Currency: USD
Taking everything into account, WAVE scores 7 out of 10 in our technical rating. In the last year, WAVE was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
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.
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. On top of that, WAVE also shows a nice and consistent pattern of rising prices.
WAVE is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 94% of 20 stocks in the same industry.
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.
In the last month WAVE has a been trading in the 7.33 - 10.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
WAVE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for WAVE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.67
9.62
We found 4 important support areas.
- Support @9.04 from a trend line in the weekly time frame.
- A support zone ranging from 8.51 to 8.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.10 from a trend line in the daily time frame.
- Support @7.75 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.41 to 9.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.16
Mansfield5.76
10 Day High10.25
10 Day Low8.21
20 Day High10.25
20 Day Low7.33
52 Week High17.63
52 Week Low1.01
Performance
1 Week-1.95%
2 Weeks4.74%
1 Month1.51%
3 Month-8.65%
6 Month153.91%
12 Month522.77%
2 Year157.27%
3 Year103.92%
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)0.17
RSI(14)50.33
LBB7.6
UBB9.67
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.53 | 9.03 | 0.50 (5.25%) | 19.06% |
| An entry @9.53. This is a Buy Stop order right above the resistance zone. | An exit @9.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.50 points, which is 5.25%. | For a 1.00% total portfolio risk, you can invest 19.06% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WAVE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:WAVE (2/21/2025, 8:00:02 PM)
9.217
+0.36 (+4.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg4.03%
1 Week-1.95%
2 Weeks4.74%
1 Month1.51%
3 Month-8.65%
6 Month153.91%
12 Month522.77%
2 Year157.27%
3 Year103.92%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%9.48%
ATR Inc-31.64%
Range Today0.85
ADR(20)0.84
ADR(20)%9.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.16
Mansfield5.76
10 Day High10.25
10 Day Low8.21
20 Day High10.25
20 Day Low7.33
52 Week High17.63
52 Week Low1.01
CS1 End9.04
CR1 Start9.41
Volume & EV
DER(3)1.75%
DER(5)3.82%
Volume25.00K
Volume Incr-43.64%
Vol(5)21.22K
Vol(50)76.61K