LIGHTWAVE LOGIC INC (LWLG) Stock Technical Analysis
NASDAQ:LWLG - Nasdaq - US5322751042 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to LWLG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LWLG is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
LWLG has an average volume of 1767710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that LWLG is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.
LWLG is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, LWLG did better than 69% of them.
LWLG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LWLG is lagging the market.
In the last month LWLG has a been trading in the 1.40 - 2.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
LWLG has an excellent technical rating, but 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.
More info and screens
2.01
2.98
We found 1 important support area.
- A support zone ranging from 2.03 to 2.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @2.60 from a trend line in the daily time frame.
- Resistance @2.75 from a trend line in the weekly time frame.
- Resistance @2.95 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for LWLG is up. |
| ChartMill Relative Strength | 89.57 | POSITIVE | LWLG has a high relative strength, it outperformed 89.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LWLG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LWLG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LWLG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.35 | NEUTRAL | The RSI value for LWLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests LWLG has a negative trend. |
| Stochastics (14,3) | 21.86 | NEUTRAL | The Stochastics value for LWLG is a neutral value. |
| Average True Range in percent/ATR (20) | 12.69 | HIGH VOLATILITY | The high ATR as a percentage value for LWLG suggests high volalility. |
| Average Directional Index/ADX (14) | 46.2 | POSITIVE | The high ADX value value for LWLG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.07
+0.02 (+0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.98%
1 Week-0.48%
2 Weeks-21.59%
1 Month51.09%
3 Month104.95%
6 Month18.97%
12 Month-25.54%
2 Year-67.19%
3 Year-74.03%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%12.69%
ATR Inc-71.56%
Range Today0.09
ADR(20)0.25
ADR(20)%11.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.57
Mansfield-0.36
10 Day High2.79
10 Day Low1.92
20 Day High2.85
20 Day Low1.4
52 Week High4.23
52 Week Low0.79
CS1 End2.06
CR1 Start2.6
Volume & EV
DER(3)-0.18%
DER(5)-3.62%
Volume693.80K
Volume Incr-59.88%
Vol(5)840.04K
Vol(50)1.77M