LIGHTWAVE LOGIC INC (LWLG) Stock Technical Analysis
NASDAQ:LWLG • US5322751042
We assign a technical rating of 3 out of 10 to LWLG. Although LWLG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month LWLG has a been trading in the 3.00 - 4.95 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Looking at the yearly performance, LWLG did better than 92% of all other stocks.
- LWLG is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 77% of 123 stocks in the same industry.
- LWLG has an average volume of 2010940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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.
Although the technical rating is bad, LWLG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.69. Right above this resistance zone may be a good entry point.
More info and screens
2.95
When analyzing the support we can see 2 important areas.
- Support @3.08 from a trend line in the daily time frame.
- A support zone ranging from 2.98 to 3.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.69 to 3.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.99 from a trend line in the daily time frame.
- Resistance @4.33 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 | NEUTRAL | NEUTRAL | The long term trend for LWLG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LWLG is down. |
| ChartMill Relative Strength | 92.93 | POSITIVE | LWLG has a high relative strength, it outperformed 92.93% 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) | DOWN | NEGATIVE | The current price of LWLG is below a declining 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) | 47.16 | NEUTRAL | The RSI value for LWLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests LWLG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.9 | NEUTRAL | The Stochastics value for LWLG is a neutral value. |
| Average True Range in percent/ATR (20) | 10.44 | HIGH VOLATILITY | The high ATR as a percentage value for LWLG suggests high volalility. |
| Average Directional Index/ADX (14) | 13.48 | NEGATIVE | The low ADX value for LWLG suggests a weak or negative trend. |
3.49
+0.16 (+4.8%)
LIGHTWAVE LOGIC INC / LWLG FAQ
Can you provide the ChartMill technical rating for LIGHTWAVE LOGIC INC?
ChartMill assigns a technical rating of 3 / 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 47.1564. This indicates that the stock is currently neutral.
Can you provide the short term momentum for LIGHTWAVE LOGIC INC?
The short term momentum for LIGHTWAVE LOGIC INC (LWLG) is negative.
Can you provide the support and resistance levels for LIGHTWAVE LOGIC INC?
LIGHTWAVE LOGIC INC (LWLG) has a support level at 3.08 and a resistance level at 3.69. Check the full technical report for our detailed analysis of LWLG support and resistance levels.