Logmein Inc (LOGM) Technical Analysis
NASDAQ:LOGM
Current stock price
LOGM Technical Rating and Analysis
Taking everything into account, LOGM scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that LOGM is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by LOGM over the past year are nicely spread over this period.
- 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 Weekly and Daily overview Charts
LOGM Setup Rating and Analysis
LOGM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
LOGM Support and Resistance Analysis
72.90
4 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important 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.
LOGM 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 | 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. |
LOGM Chart- and CandleStick Pattern Analysis
LOGM Example Setup
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.07%. |
- 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.
LOGM Technicals: Chart, Performance Metrics, Trend & Indicators
86.04
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Logmein Inc / LOGM TA FAQ
What is the ChartMill technical rating of Logmein Inc (LOGM) stock?
ChartMill assigns a technical rating of 9 / 10 to LOGM.
What is the trend direction for LOGM stock?
The current trend direction for Logmein Inc (LOGM) is Bullish.
Can you provide the RSI signal for Logmein Inc?
Logmein Inc (LOGM) has an RSI value of 68.9968. This indicates that the stock is currently neutral.
What is the MACD signal for Logmein Inc (LOGM) stock?
The MACD indicator for Logmein Inc (LOGM) has a value of -0.00924911, indicating a bearish trend.
What is the buy/sell signal for Logmein Inc (LOGM) stock?
The buy/sell signal for Logmein Inc (LOGM) is buy as both the short term and long term trends are positive.