CONTEXTLOGIC INC - A (LOGC) Stock Technical Analysis
NASDAQ:LOGC - Nasdaq - US21077C3051 - Common Stock - Currency: USD
Overall LOGC gets a technical rating of 6 out of 10. Although LOGC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture 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 75% 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 80% of all other stocks. On top of that, LOGC also shows a nice and consistent pattern of rising prices. 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 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
6.22
7.13
When analyzing the support we can see 3 important areas.
- 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.
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 | 80.45 | POSITIVE | LOGC has a high relative strength, it outperformed 80.45% 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.06
+0.11 (+1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg1.58%
1 Week-13.48%
2 Weeks-10.06%
1 Month1.58%
3 Month-2.62%
6 Month-12.19%
12 Month28.36%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%5.72%
ATR Inc183.71%
Range Today0.5
ADR(20)0.35
ADR(20)%4.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.45
Mansfield0.25
10 Day High8.22
10 Day Low6.69
20 Day High8.22
20 Day Low6.69
52 Week High9.34
52 Week Low4.92
CS1 End6.85
CR1 StartN/A
Volume & EV
DER(3)1.26%
DER(5)3.35%
Volume1.59M
Volume Incr514.54%
Vol(5)1.69M
Vol(50)439.74K