Taking everything into account, LWLG scores 5 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
LWLG has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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3.95
When analyzing the support we notice one important area.
- A support zone ranging from 3.99 to 4.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @4.06 from a trend line in the daily time frame.
- A resistance zone ranging from 4.17 to 4.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.95 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for LWLG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LWLG is down. |
| ChartMill Relative Strength | 90.02 | POSITIVE | LWLG has a high relative strength, it outperformed 90.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LWLG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of LWLG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LWLG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.18 | NEUTRAL | The RSI value for LWLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests LWLG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.47 | NEUTRAL | The Stochastics value for LWLG is a neutral value. |
| Average True Range in percent/ATR (20) | 11.33 | HIGH VOLATILITY | The high ATR as a percentage value for LWLG suggests high volalility. |
| Average Directional Index/ADX (14) | 16.04 | NEGATIVE | The low ADX value for LWLG suggests a weak or negative trend. |
4.03
-0.18 (-4.28%)
LIGHTWAVE LOGIC INC / LWLG FAQ
What is the technical rating for LWLG stock?
ChartMill assigns a technical rating of 5 / 10 to LWLG.
Can you provide the trend direction for LIGHTWAVE LOGIC INC?
The current trend direction for LIGHTWAVE LOGIC INC (LWLG) is Bullish.
What is the RSI signal for LWLG stock?
LIGHTWAVE LOGIC INC (LWLG) has an RSI value of 41.1786. This indicates that the stock is currently neutral.
What is the MACD signal for LIGHTWAVE LOGIC INC (LWLG) stock?
The MACD indicator for LIGHTWAVE LOGIC INC (LWLG) has a value of -0.0587709, indicating a bearish trend.
What are the support and resistance levels for LIGHTWAVE LOGIC INC (LWLG) stock?
LIGHTWAVE LOGIC INC (LWLG) has a support level at 4.02 and a resistance level at 4.06. Check the full technical report for our detailed analysis of LWLG support and resistance levels.