Levi Strauss & Co. Stock Forecast

Levi Strauss & Co. stock price down 0.728% on Tuesday
(Updated on Jul 02, 2024)

LEVI Signals & Forecast

There are few to no technical positive signals at the moment. The Levi Strauss & Co. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $20.93 and $22.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -21.06%. 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.

Support, Risk & Stop-loss for Levi Strauss & Co. stock

Levi Strauss & Co. finds support from accumulated volume at $18.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.340 between high and low, or 1.80%. For the last week, the stock has had daily average volatility of 3.18%.

Levi Strauss & Co. is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LEVI) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Levi Strauss & Co. to open at $19.05, and during the day (based on 14 day Average True Range), to move between $18.34 and $19.82, which gives a possible trading interval of +/-$0.744 (+/-3.90%) up or down from last closing price. If Levi Strauss & Co. takes out the full calculated possible swing range there will be an estimated 7.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $18.66 (2.20%) than the resistance at $19.56 (2.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Levi Strauss & Co. stock A Buy?

The Levi Strauss & Co. stock holds several negative signals and despite the positive trend, we believe Levi Strauss & Co. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.514 Sell Candidate Unchanged

Predicted Opening Price for Levi Strauss & Co. of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.