Levi Strauss & Co. Stock Forecast
Stronger technical forecast for Levi Strauss & Co. stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The Levi Strauss & Co. stock price fell by -2.22% on the last day (Wednesday, 24th Apr 2024) from $22.06 to $21.57. During the last trading day the stock fluctuated 3.88% from a day low at $21.52 to a day high of $22.36. The price has risen in 6 of the last 10 days and is up by 7.37% over the past 2 weeks. Volume has increased on the last day by 309 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $62.34 million.
The stock lies in the middle of a wide and strong 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 25.54% during the next 3 months and, with a 90% probability hold a price between $24.79 and $27.79 at the end of this 3-month period.
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LEVI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -2.22%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Levi Strauss & Co. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $21.01 and $19.52. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Levi Strauss & Co. stock
Levi Strauss & Co. finds support from accumulated volume at $20.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.84 between high and low, or 3.88%. For the last week, the stock has had daily average volatility of 2.99%.
Our recommended stop-loss: $20.77 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (LEVI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Levi Strauss & Co. to open at $21.82, and during the day (based on 14 day Average True Range), to move between $20.85 and $22.29, which gives a possible trading interval of +/-$0.718 (+/-3.33%) up or down from last closing price. If Levi Strauss & Co. takes out the full calculated possible swing range there will be an estimated 6.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.06 (2.27%) than the support at $20.97 (2.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Levi Strauss & Co. stock A Buy?
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 Levi Strauss & Co. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.288 Buy Candidate Upgraded
Predicted Opening Price for Levi Strauss & Co. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $21.82 ( 1.14%) | $21.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEVI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.65 | 5.01 % | |
| R2 | 22.33 | 3.53 % | ||
| R1 | 22.13 | 2.61 % | ||
| Current price: | 21.57 | |||
| Support | S1 | 21.50 | -0.343 % | |
| S2 | 21.30 | -1.26 % | ||
| S3 | 20.98 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 22.06 | 2.27 % | ||
| Current price | 21.57 | |||
| Support | S1 | 20.97 | -2.78% | |
| S2 | 20.55 | -4.73% | ||
| S3 | 18.66 | -13.49% |
LEVI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | May 08, 2024 | May 23, 2024 | $0.120 | 0.556% |
| 2 | Jan 25, 2024 | Feb 06, 2024 | Feb 23, 2024 | $0.120 | 0.660% |
| 3 | Oct 05, 2023 | Oct 25, 2023 | Nov 09, 2023 | $0.120 | 0.84% |
| 4 | Jul 06, 2023 | Aug 03, 2023 | Aug 17, 2023 | $0.120 | 0.86% |
| 5 | Apr 06, 2023 | May 03, 2023 | May 18, 2023 | $0.120 | 0.90% |
FAQ
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