LIGHTWAVE LOGIC INC (LWLG) Technical Analysis
NASDAQ:LWLG • US5322751042
Current stock price
7.61 USD
+0.53 (+7.49%)
At close:
7.74 USD
+0.13 (+1.71%)
After Hours:
LWLG Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to LWLG. In the last year, LWLG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, LWLG did better than 99% of all other stocks. We also observe that the gains produced by LWLG over the past year are nicely spread over this period.
- LWLG is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 99% of 124 stocks in the same industry.
- A new 52 week high is currently being made by LWLG, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so LWLG is leading the market.
- In the last month LWLG has a been trading in the 3.27 - 7.70 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- LWLG has an average volume of 3014520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LWLG Weekly and Daily overview Charts
LWLG Setup Rating and Analysis
Although LWLG has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
LWLG Support and Resistance Analysis
2.99
7.69
We found 2 important support areas.
- A support zone ranging from 4.50 to 4.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.02 from a horizontal line in the daily time frame.
LWLG 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 LWLG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LWLG is up. |
| ChartMill Relative Strength | 99.56 | POSITIVE | LWLG has a high relative strength, it outperformed 99.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LWLG is above 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) | UP | POSITIVE | The current price of LWLG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.77 | OVERBOUGHT | The high RSI value suggests LWLG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests LWLG has a positive trend. |
| Stochastics (14,3) | 86.5 | OVERBOUGHT | The high Stochastics value suggests LWLG may be overbought. |
| Average True Range in percent/ATR (20) | 7.85 | HIGH VOLATILITY | The high ATR as a percentage value for LWLG suggests high volalility. |
| Average Directional Index/ADX (14) | 28.94 | POSITIVE | The high ADX value value for LWLG suggests a strong trend. |
LWLG Chart- and CandleStick Pattern Analysis
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)
LWLG Technicals: Chart, Performance Metrics, Trend & Indicators
7.61
+0.53 (+7.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg7.49%
1 Week81.19%
2 Weeks72.56%
1 Month128.53%
3 Month83.37%
6 Month136.34%
12 Month598.17%
2 Year62.61%
3 Year45.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.76
ATR(20)%7.85%
ATR Inc233.49%
Range Today1.02
ADR(20)0.52
ADR(20)%6.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.56
3 months CRS98.79
6 months CRS98.49
Mansfield15.72
10 Day High7.7
10 Day Low3.84
20 Day High7.7
20 Day Low3.27
52 Week High7.7
52 Week Low0.79
CS1 End4.55
CR1 StartN/A
Volume & EV
DER(3)5.14%
DER(5)3.59%
Volume11.38M
Volume Incr444.23%
Vol(5)11.00M
Vol(50)3.01M
LIGHTWAVE LOGIC INC / LWLG TA FAQ
Can you provide the ChartMill technical rating for LIGHTWAVE LOGIC INC?
ChartMill assigns a technical rating of 10 / 10 to LWLG.
What is the trend direction for LWLG stock?
The current trend direction for LIGHTWAVE LOGIC INC (LWLG) is Bearish.
What is the RSI signal for LWLG stock?
LIGHTWAVE LOGIC INC (LWLG) has an RSI value of 77.7677. This indicates that the stock is currently overbought.
Can you provide the short term momentum for LIGHTWAVE LOGIC INC?
The short term momentum for LIGHTWAVE LOGIC INC (LWLG) is positive.
Can you provide the support and resistance levels for LIGHTWAVE LOGIC INC?
LIGHTWAVE LOGIC INC (LWLG) has a support level at 4.55. Check the full technical report for our detailed analysis of LWLG support and resistance levels.