LIFELOGGER TECHS CORP Forecast and Stock Analysis
Technical LOGG stock analysis for March 22, 2019.
LIFELOGGER TECHS CORP gained 60.00% in the last trading day, rising from $0.02 to $0.02 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a 269.23% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 524 641 more shares were traded than the day before. In total, 833 788 shares bought and sold for approximately $20 010.90.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the LOGG stock was $0.02. This is 60% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 201.80% from a day low at $0.01 to a day high of $0.03.
30 day high of the LOGG stock price was $0.03 and low was $0.01.
90 day high was $0.03 and low was $0.00.
52 week high for the LIFELOGGER TECHS CORP - $0.03 and low - $0.00.
LIFELOGGER TECHS CORP has broken the very wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.02, a level that may pose a second chance to hit a runner. According to fan-theory $0.03 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
LIFELOGGER TECHS CORP holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $0.01 and $0.01. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday March 18, 2019, which indicates further gains until a new top pivot has been found. LIFELOGGER TECHS CORP has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 94 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.
Support & Resistance
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 a 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 $0.02 between high and low, or 201.80%. For the last week, the stock has had a daily average volatility of 89.23%.
The stock is extremely overbought on RSI14 (94). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stoploss: $0.02 (-3.12%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 94 and this increases the risk substantially. There is a buy signal from pivot bottom found 4 days ago.)
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LIFELOGGER TECHS CORP holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.