Logmein Inc (LOGM) Stock Technical Analysis
NASDAQ:LOGM - Nasdaq -
We assign a technical rating of 10 out of 10 to LOGM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LOGM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, LOGM did better than 80% of all other stocks. On top of that, LOGM also shows a nice and consistent pattern of rising prices.
LOGM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so LOGM is leading the market.
In the last month LOGM has a been trading in a tight range between 85.69 and 86.12.
Volume is considerably higher in the last couple of days.
LOGM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 85.99, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
72.90
87.42
We found 4 important support areas.
- A support zone ranging from 85.54 to 85.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 84.07 to 84.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @79.94 from a horizontal line in the weekly time frame.
- Support @73.64 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 86.48 to 86.55. 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 | UP | POSITIVE | The long term trend for LOGM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LOGM is up. |
| ChartMill Relative Strength | 80.83 | POSITIVE | LOGM has a high relative strength, it outperformed 80.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LOGM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LOGM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LOGM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69 | NEUTRAL | The RSI value for LOGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests LOGM has a negative trend. |
| Stochastics (14,3) | 96.3 | OVERBOUGHT | The high Stochastics value suggests LOGM may be overbought. |
| Average True Range in percent/ATR (20) | 0.11 | LOW VOLATILITY | The low ATR as a percentage value for LOGM suggests low volalility. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 86.06 | 85.83 | 0.23 (0.27%) | 25.00% |
| An entry @86.06. This is a Buy Stop order right above the 10 day high. | An exit @85.83. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.23 points, which is 0.27%. | For a 0.07% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
86.04
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.07%
2 Weeks0.12%
1 Month0.27%
3 Month1.34%
6 Month0.94%
12 Month28.73%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.11%
ATR Inc-64.17%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.83
Mansfield-0.79
10 Day High86.05
10 Day Low85.84
20 Day High86.12
20 Day Low85.69
52 Week High86.63
52 Week Low62.02
CS1 End85.99
CR1 Start86.48
Volume & EV
DER(3)1.96%
DER(5)1.07%
Volume428.50K
Volume Incr70.9%
Vol(5)597.01K
Vol(50)440.13K