LOGM Forecast and Technical Stock AnalysisBuy 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.
- 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.
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.
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.
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
Very Low Low Medium High Very High
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.
|LOGM $75.76 ($0.48 0.64%)|
LOGM is up $0.48 today, but where's it headed in 2019?
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