WAVE LIFE SCIENCES - Daily - Technical analysis published on 02/20/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 9.34 USD
My targets
8.38 USD (-3.16%)
7.67 USD (-11.29%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on WAVE LIFE SCIENCES. As long as you are under the resistance located at 9.34 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 8.38 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 7.67 USD as an objective. Crossing it would then enable sellers to target 6.94 USD. If the resistance 9.34 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WAVE LIFE SCIENCES rating 8.65 USD. The price registered an increase of +3.22% on the session and was between 8.35 USD and 8.75 USD. This implies that the price is at +3.59% from its lowest and at -1.14% from its highest.8.35
8.75
8.65
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on WAVE LIFE SCIENCES were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this WAVE LIFE SCIENCES chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 6.94 | 8.65 | 17.87 | 27.90 | 32.61 |
| Change (%) | -19.77% | - | +106.59% | +222.54% | +276.99% |
| Change | -1.71 | - | +9.22 | +19.25 | +23.96 |
| Level | Major | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.27 | 7.55 | 7.97 | 8.25 | 8.67 | 8.95 | 9.37 |
| Camarilla | 8.19 | 8.25 | 8.32 | 8.38 | 8.44 | 8.51 | 8.57 |
| Woodie | 7.33 | 7.59 | 8.03 | 8.29 | 8.73 | 8.99 | 9.43 |
| Fibonacci | 7.55 | 7.82 | 7.99 | 8.25 | 8.52 | 8.69 | 8.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.73 | 7.12 | 7.60 | 7.99 | 8.47 | 8.86 | 9.34 |
| Camarilla | 7.83 | 7.91 | 7.99 | 8.07 | 8.15 | 8.23 | 8.31 |
| Woodie | 6.77 | 7.14 | 7.64 | 8.01 | 8.51 | 8.88 | 9.38 |
| Fibonacci | 7.12 | 7.46 | 7.66 | 7.99 | 8.33 | 8.53 | 8.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.41 | 5.69 | 6.40 | 7.67 | 8.38 | 9.65 | 10.36 |
| Camarilla | 6.56 | 6.74 | 6.92 | 7.10 | 7.28 | 7.46 | 7.65 |
| Woodie | 4.13 | 5.55 | 6.11 | 7.53 | 8.09 | 9.51 | 10.07 |
| Fibonacci | 5.69 | 6.45 | 6.92 | 7.67 | 8.43 | 8.90 | 9.65 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.27 | |
| MACD (12,26,9): | -0.9200 | |
| Directional Movement: | -2.47 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 6.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.52 | |
| Elder Ray (13): | 0.56 | |
| Super Trend (3,10): | 8.90 | |
| Zig ZAG (10): | 8.65 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 87.86 | |
| TEMA (21): | 8.23 | |
| Williams %R (14): | -5.38 | |
| Chande Momentum Oscillator (20): | 1.55 | |
| Repulse (5,40,3): | 9.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -2.1000 | |
| Courbe Coppock: | 16.93 |
| MA7: | 8.07 | |
| MA20: | 7.66 | |
| MA50: | 12.52 | |
| MA100: | 18.89 | |
| MAexp7: | 8.14 | |
| MAexp20: | 8.30 | |
| MAexp50: | 12.06 | |
| MAexp100: | 16.48 | |
| Price / MA7: | +7.19% | |
| Price / MA20: | +12.92% | |
| Price / MA50: | -30.91% | |
| Price / MA100: | -54.21% | |
| Price / MAexp7: | +6.27% | |
| Price / MAexp20: | +4.22% | |
| Price / MAexp50: | -28.28% | |
| Price / MAexp100: | -47.51% |
News
The latest news and videos published on WAVE LIFE SCIENCES at the time of the analysis were as follows:
Wave Life Sciences Ltd. - WVE Stock Chart Technical Analysis for 12-16-2019This member declared not having a position on this financial instrument or a related financial instrument.
About author
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