LogMein Technical Analysis (NASDAQ:LOGM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The LOGM stock chart pattern can give those who understand technical analysis an indication of which way LOGM stock is headed, but cannot predict with 100% certainty as to what can happen to the LogMein stock price.
See LogMein bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of LogMein stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
LogMein Moving Average
Moving averages show the LOGM stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $86.32 is above the last closing price of $78.9 and the 50 day moving average of $98.99 is above the last closing price of $78.9. The 10 and 20 day periods can predict short term moving average trends.
LogMein Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the LOGM stock. The stock price is trading between the average and the lower band in the context of LogMein bollinger bands.
LogMein Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The LogMein MACD indicator is below 0 indicating a bearish trend.
LogMein Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of LOGM stock is 38.76.