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Eco Wave Power Global AB (publ)(WAVE:NSD)

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Last Candle Pattern: Long Line Candle on 22/10/2024
Data as of end of day (EOD): Thursday, October 31, 2024
$8.95

-1.0300


BI RATING:

Neutral

% Change -10.32%
Volume 95,309
Open 10.00
Day High 10.33
Day Low 8.80
Previous Close 9.98

Daily Commentary

The stock price direction for the day for WAVE is DOWN. The stock is experiencing a strong downtrend as of late, with a decrease of more than 10 percent in the last three days. Based on BullishInvestor.com’s proprietary algorithms, WAVE is currently signalling NEUTRAL.

The most recent Candle Stick pattern for WAVE is the Doji.

There are two possible reasons for the Hold rating currently given to WAVE. The first reason is that there may be indecision among the technical indicators or most of them may be neutral for WAVE. If the stock chart looks flat lined or is in the midst of a trend direction change, most likely this is why WAVE is showing Neutral. If, however the stock is currently in a visible up or down trend, the reason for the Hold may be because the BULLISH or BEARISH rating has already passed.

The last BUY was registered on Oct 10, 2024 when WAVE was trading at $ 5.67. Armed with this knowledge, there may still be some more strength left in this current trend or it may be near a tipping point, the market has not given a clear indication yet.

As such, it may be a wise decision to hold your stock or continue to wait on the sidelines in WAVE until BullishInvestor.com changes the rating for WAVE.

Technical Indicators

  
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[+] Bollinger Bands
[+] Exponential Moving Average
[+] Parabolic SAR
[+] Money Flow Index
[+] MACD
[+] Relative Strength Index
[+] Stochastics
[+] Williams %R

Did you know that BullishInvestor.com has an advanced view for WAVE which let’s experienced technical traders analyze the stock chart of WAVE and input specific technical indicators, moving averages, price bands and much more. To view and plot your custom technical stock chart, select the “advanced view” option for WAVE located near the top right hand corner of this page or simply click the button below.



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