LogicMark, Inc. Stock Forecast
High volatility in LogicMark, Inc. stock price on Friday which ended trading at $0.81
(Updated on Apr 26, 2024)
The LogicMark, Inc. stock price fell by -8.80% on the last day (Friday, 26th Apr 2024) from $0.89 to $0.81. During the last trading day the stock fluctuated 11.55% from a day low at $0.780 to a day high of $0.87. The price has fallen in 6 of the last 10 days and is down by -10.32% for this period. Volume has increased on the last day by 9 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 36 thousand shares were bought and sold for approximately $29.47 thousand.
Given the current short-term trend, the stock is expected to fall -11.86% during the next 3 months and, with a 90% probability hold a price between $0.715 and $0.98 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LGMK Signals & Forecast
There are few to no technical positive signals at the moment. The LogicMark, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.85 and $0.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -31.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). LogicMark, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for LogicMark, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0901 between high and low, or 11.55%. For the last week, the stock has had daily average volatility of 8.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LGMK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect LogicMark, Inc. to open at $0.82, and during the day (based on 14 day Average True Range), to move between $0.754 and $0.87, which gives a possible trading interval of +/-$0.0574 (+/-7.07%) up or down from last closing price. If LogicMark, Inc. takes out the full calculated possible swing range there will be an estimated 14.14% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.98, some $0.168 (20.73%) from the current price of $0.81, our system finds the risk reward not very attractive.
Is LogicMark, Inc. stock A Buy?
LogicMark, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.335 Strong Sell Candidate Downgraded
Predicted Opening Price for LogicMark, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.82 ( 1.10%) | $0.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGMK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.91 | 12.20 % | |
| R2 | 0.88 | 7.96 % | ||
| R1 | 0.86 | 5.34 % | ||
| Current price: | 0.81 | |||
| Support | S1 | 0.786 | -3.14 % | |
| S2 | 0.765 | -5.76 % | ||
| S3 | 0.731 | -10.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.01 | 24.43 % | |
| R2 | 1.00 | 23.20 % | ||
| R1 | 0.98 | 20.73 % | ||
| Current price | 0.81 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy LogicMark, Inc. Stock.
