LWLG Technical Analysis - LIGHTWAVE LOGIC INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to LWLG. Both in the recent history as in the last year, LWLG has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

LWLG is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 74% of 123 stocks in the same industry.

LWLG has an average volume of 2374650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, LWLG did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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 3.46 - 6.26 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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

LIGHTWAVE LOGIC INC / LWLG Weekly stock chart

LIGHTWAVE LOGIC INC / LWLG Daily stock chart

Setup Rating and Analysis

LWLG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

3.09

5.25

3 important support areas can be observed.

Support @4.36 from a horizontal line in the daily time frame.
Support @4.26 from a trend line in the daily time frame.
Support @3.12 from a trend line in the daily time frame.

We found 1 important resistance area.

Resistance @5.20 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for LWLG is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for LWLG is neutral.
ChartMill Relative Strength	93.38	POSITIVE	LWLG has a high relative strength, it outperformed 93.38% 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)	UP	POSITIVE	The current price of LWLG is above the rising SMA(200).
Relative Strength Index/RSI (14)	51.96	NEUTRAL	The RSI value for LWLG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests LWLG has a negative trend.
Stochastics (14,3)	23.1	NEUTRAL	The Stochastics value for LWLG is a neutral value.
Average True Range in percent/ATR (20)	13	HIGH VOLATILITY	The high ATR as a percentage value for LWLG suggests high volalility.
Average Directional Index/ADX (14)	35.65	POSITIVE	The high ADX value value for LWLG suggests a strong trend.