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$WAVE (Wavestone) Price Analysis
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Penke

I guess you are interested in Wavestone. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📈 Technical Analysis (TA) – Wavestone’s Price Targets

I'm going to help you getting a better view of Wavestone. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of Wavestone
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Wavestone. The general trend of Wavestone is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Wavestone's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-42.9%) Bearish trend (42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Wavestone Price Targets

1.1 sr

Score

Let's take a look at the sr of Wavestone.

  • The price is trading between support and resistance lines.
Wavestone Daily sr Chart

2. Trend Indicators

2.1 mas

Score

Let's take a look at the mas of Wavestone.

  • The SHORT shows a strengthening upward trend.
  • Price action is supported by the SHORT.
  • The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
  • The SHORT is lagging behind the INTER, indicating weaker trend alignment.
  • The SHORT is lagging behind the LONG, indicating weaker trend alignment.
  • The MEDIUM shows weakening trend behaviour.
  • Price action is trading under pressure relative to the MEDIUM.
  • The MEDIUM is leading the INTER, indicating positive trend alignment.
  • The MEDIUM is leading the LONG, indicating positive trend alignment.
  • The INTER shows weakening trend behaviour.
  • Price action is trading under pressure relative to the INTER.
  • The INTER is lagging behind the LONG, indicating weaker trend alignment.
  • The LONG shows weakening trend behaviour.
  • Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Wavestone Daily mas Chart
2.2 macd

Score

Let's take a look at the macd of Wavestone.

  • Momentum is leaning bullish. Buying pressure currently dominates selling pressure, suggesting growing optimism and increased willingness to accumulate Wavestone.
  • Overall momentum is negative. Market conditions reflect cautious sentiment, with sellers exerting more influence and limiting upside progress for Wavestone.
  • Momentum is weakening. Bearish pressure is increasing as confidence fades and market participants shift toward defensive positioning.
Wavestone Daily macd ChartWavestone Daily macd Chart
2.3 dmi

Score

Let's take a look at the dmi of Wavestone.

  • Directional bias favors sellers. Selling pressure dominates buying interest, reflecting cautious sentiment and increasing downside pressure.
  • Directional bias is mildly bearish, but overall trend conditions remain weak and lack clear directional commitment.
Wavestone Daily dmi Chart
2.4 sar

Score

Let's take a look at the sar of Wavestone.

  • Price action is supported by the prevailing trend structure, which is commonly interpreted as a bullish market signal.
Wavestone Daily sar Chart

3. Momentum Indicators

3.1 rsi

Score

Let's take a look at the rsi of Wavestone. The current phase is Continuation in bear market.

  • Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Momentum is weakening as selling pressure becomes more pronounced.
Wavestone Daily rsi ChartWavestone Daily rsi Chart
3.2 stoch

Score

Let's take a look at the stoch of Wavestone. The current phase is Correction in bear market.

  • Momentum favors buyers, indicating constructive short-term market participation.
  • Momentum is leaning bearish, with selling pressure outweighing buying interest and signaling increased short-term caution for Wavestone.
  • Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.
Wavestone Daily stoch ChartWavestone Daily stoch Chart
3.3 cci

Score

Let's take a look at the cci of Wavestone.

Wavestone Daily cci ChartWavestone Daily cci Chart
3.4 cmo

Score

Let's take a look at the cmo of Wavestone.

  • Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.
Wavestone Daily cmo ChartWavestone Daily cmo Chart
3.5 willr

Score

Let's take a look at the willr of Wavestone.

  • Momentum appears balanced, with neither buyers nor sellers showing a clear advantage in the current market environment.
Wavestone Daily willr ChartWavestone Daily willr Chart

4. Volatility Indicators

4.1 bb

Score

Let's take a look at the bb of Wavestone.

Wavestone Daily bb Chart
4.2 atr

Score

Let's take a look at the atr of Wavestone.

Wavestone Daily atr ChartWavestone Daily atr Chart

5. Volume Indicators

5.1 obv

Score

Let's take a look at the obv of Wavestone.

Wavestone Daily obv ChartWavestone Daily obv Chart
5.2 mfi

Score

Let's take a look at the mfi of Wavestone.

  • Money flow favors buyers, indicating constructive participation and supportive market conditions.
Wavestone Daily mfi ChartWavestone Daily mfi Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Wavestone.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Wavestone Daily Candlestick Chart
DateCandlestick Pattern
Penke

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