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The 15-minute chart for Wave Life Sciences has triggered two indicators that suggest a potential downturn in the stock's performance. Firstly, the Relative Strength Index (RSI) has reached an overbought level, indicating that the stock price has risen too quickly and may be due for a correction. Secondly, the KDJ (KST-Dynamic Index) has crossed below the signal line, also known as a death cross, which is a bearish indicator that suggests a shift in momentum towards the downside. As a result, the stock price may be poised to decline further and potentially fall below its fundamental support level.
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