VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

LOGM Forecast and Technical Stock Analysis

Buy candidate since 2019-07-17

LogMein gained 0.64% in the last trading day ( Wednesday, 17th Jul 2019 ), rising from $75.28 to $75.76 During day the stock fluctuated 2.41% from a day low at $74.76 to a day high of $76.56. The price has risen in 7 of the last 10 days and is up by 2.85% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 53 102 more shares were traded than the day before. In total, 401 205 shares bought and sold for approximately $30.40 million.

Quick summary:

  • 30 day high of the LOGM stock price was $76.86 and low was $69.12.
  • 90 day high was $84.83 and low was $68.00.
  • 52 week high for the LogMein - $110.65 and low - $68.00.
Top Trending Stocks

Trend

LogMein lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $76.20 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.92% during the next 3 months and, with 90% probability hold a price between $56.72 and $67.12 at the end of this period.

Top Golden Star Stocks

Signals

Only positive signals in the chart today. LogMein 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 $75.55 and $72.74. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 16, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 72 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

LogMein finds support from accumulated volume at $75.35.

Support: $75.35 Price: $75.76 Resistance: $80.99

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.80 (2.41%) between high and low. For the last week, the stock has had a daily average volatility of 1.65%.

Our recommended stoploss: $71.50 (-5.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

1.65 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Weaker Buy Today LOGM ranks #861 as BUY CANDIDATE #861 Stronger Buy

Will LOGM stock price go up or down on Fri, 19 Jul 2019?

Predict
Trading With Moving Average
As an investor, you always seek to understand what other... Full Article
Pivot Points
Pivot Points refer to points of significant change. As a... Full Article
Accumulated Volume - Support and Resistance
Volume is perhaps the best indicator of all and should... Full Article
Volume - The Indicator You Really Need to Know
Many new traders getting into the world of technical analysis... Full Article
We Give Back!
In 2016 StockInvest.us donated to NGO Goodwill projects to help purchase medical... Full Article
Better Buy: Amazon vs. Facebook
Amazon's stock slipped 21% over the past six months, as... Full Article

Proudly made at

ROCKIT