We assign a technical rating of 1 out of 10 to LWLG. LWLG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
LWLG has a poor technical rating and the quality of the setup is also not perfect 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
2.93
When analyzing the support we can see 2 important areas.
- Support @3.10 from a trend line in the daily time frame.
- A support zone ranging from 2.96 to 3.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @3.42 from a horizontal line in the daily time frame.
- Resistance @3.48 from a trend line in the daily time frame.
- Resistance @5.64 from a trend line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for LWLG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LWLG is down. |
| ChartMill Relative Strength | 51.15 | NEUTRAL | LWLG is not amongst the best or worst performers 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) | 39.31 | NEUTRAL | The RSI value for LWLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests LWLG has a positive trend. |
| Stochastics (14,3) | 20.4 | NEUTRAL | The Stochastics value for LWLG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.43 | HIGH VOLATILITY | The high ATR as a percentage value for LWLG suggests high volalility. |
| Average Directional Index/ADX (14) | 16.43 | NEGATIVE | The low ADX value for LWLG suggests a weak or negative trend. |
3.24
+0.12 (+3.85%)
LIGHTWAVE LOGIC INC / LWLG FAQ
Can you provide the ChartMill technical rating for LIGHTWAVE LOGIC INC?
ChartMill assigns a technical rating of 1 / 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 39.3105. 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 3.1 and a resistance level at 3.42. Check the full technical report for our detailed analysis of LWLG support and resistance levels.