LWAY Technical Analysis - LIFEWAY FOODS INC

Technical Rating and Analysis

Overall LWAY gets a technical rating of 7 out of 10. In the last year, LWAY was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

In the last month LWAY has a been trading in the 25.66 - 34.20 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Looking at the yearly performance, LWAY did better than 73% of all other stocks. On top of that, LWAY also shows a nice and consistent pattern of rising prices.

LWAY is part of the Food Products industry. There are 89 other stocks in this industry. LWAY outperforms 80% of them.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

LWAY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LWAY is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LIFEWAY FOODS INC / LWAY Weekly stock chart

LIFEWAY FOODS INC / LWAY Daily stock chart

Setup Rating and Analysis

Although LWAY has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.84

26.64

We found 4 important support areas.

A support zone ranging from 26.35 to 26.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @25.60 from a trend line in the daily time frame.
Support @24.80 from a trend line in the daily time frame.
Support @24.08 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 26.37 to 26.38. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for LWAY is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for LWAY is neutral.
ChartMill Relative Strength	73.04	POSITIVE	LWAY has a high relative strength, it outperformed 73.04% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of LWAY is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of LWAY is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LWAY is above the rising SMA(200).
Relative Strength Index/RSI (14)	32.9	NEUTRAL	The RSI value for LWAY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.66	NEGATIVE	The MACD value suggests LWAY has a negative trend.
Stochastics (14,3)	38.7	NEUTRAL	The Stochastics value for LWAY is a neutral value.
Average True Range in percent/ATR (20)	5.79	HIGH VOLATILITY	The high ATR as a percentage value for LWAY suggests high volalility.
Average Directional Index/ADX (14)	39.67	POSITIVE	The high ADX value value for LWAY suggests a strong trend.