LOGI - Logitech International S.A. Fri 20'th Jan 2017
Stock analysis for Fri 20'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-20
Logitech International S.A. Stock Analysis
Logitech International S.A. fell by -0.75% in the last day, from USD 25.34 to USD 25.15. , and has now fallen 3 day in a row The price has been going up and down for this period, and there has been a -1.49% loss for the last 2 weeks. Volume increased in the last day by 59 595 shares, but on falling prices. This is may be an early warning and risk is increased slightly for the next couple of days. In total, 350 653 shares bought and sold for approximately USD 8.82 million.
Logitech International S.A. lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.6% during the next 3 months and, with 90% probability hold a price between USD 24.62 and USD 28.57 at the end of this period.
Logitech International S.A. holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 25.50. On a fall, the stock will find some support from the long-term average at approximately USD 24.77. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday December 09, 2016, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
Logitech International S.A. finds support from accumulated volume at USD 24.76, USD 24.49, and USD 24.14. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 25.22, USD 25.53 and USD 25.86.
The stock is about to test the resistance from accumulated volume at USD 25.22 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.30 (1.20%) between high and low. For the last week, the stock has had a daily average volatility of 1.49%.
Our recommended stoploss: USD 23.97 (-4.69%) ( criteria: risk and position in trend)
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.