CONTEXTLOGIC INC - A (LOGC) Technical Analysis
NASDAQ:LOGC • US21077C3051
Current stock price
LOGC Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to LOGC. LOGC 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- LOGC is one of the better performing stocks in the Broadline Retail industry, it outperforms 86% of 30 stocks in the same industry.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Looking at the yearly performance, LOGC did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- LOGC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LOGC is lagging the market slightly.
- In the last month LOGC has a been trading in the 6.69 - 8.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LOGC Weekly and Daily overview Charts
LOGC Setup Rating and Analysis
LOGC has an average technical rating and it also does not offer a high quality setup 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
LOGC Support and Resistance Analysis
6.22
3 important support areas can be observed.
- Support @6.85 from a trend line in the weekly time frame.
- Support @6.72 from a trend line in the daily time frame.
- A support zone ranging from 6.28 to 6.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
LOGC Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for LOGC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LOGC is neutral. |
| ChartMill Relative Strength | 78.82 | POSITIVE | LOGC has a high relative strength, it outperformed 78.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LOGC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LOGC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LOGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.41 | NEUTRAL | The RSI value for LOGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests LOGC has a negative trend. |
| Stochastics (14,3) | 46.47 | NEUTRAL | The Stochastics value for LOGC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.72 | HIGH VOLATILITY | The high ATR as a percentage value for LOGC suggests high volalility. |
| Average Directional Index/ADX (14) | 32.97 | POSITIVE | The high ADX value value for LOGC suggests a strong trend. |
LOGC Chart- and CandleStick Pattern Analysis
LOGC Technicals: Chart, Performance Metrics, Trend & Indicators
7.06
+0.11 (+1.58%)
CONTEXTLOGIC INC - A / LOGC TA FAQ
What is the technical rating for LOGC stock?
ChartMill assigns a technical rating of 4 / 10 to LOGC.
What is the trend direction for LOGC stock?
The current trend direction for CONTEXTLOGIC INC - A (LOGC) is Bearish.
What is the RSI signal for LOGC stock?
CONTEXTLOGIC INC - A (LOGC) has an RSI value of 41.4083. This indicates that the stock is currently neutral.
What is the MACD signal for CONTEXTLOGIC INC - A (LOGC) stock?
The MACD indicator for CONTEXTLOGIC INC - A (LOGC) has a value of -0.0861545, indicating a bearish trend.
What is the short term momentum for LOGC stock?
The short term momentum for CONTEXTLOGIC INC - A (LOGC) is neutral.