Littelfuse Stock Forecast
Evaluation of Littelfuse stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Littelfuse stock price fell by -2.21% on the last day (Tuesday, 30th Apr 2024) from $235.86 to $230.64. During the last trading day the stock fluctuated 2.74% from a day low at $230.16 to a day high of $236.47. The price has risen in 7 of the last 10 days and is up by 0.31% over the past 2 weeks. Volume has increased on the last day by 7 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, 198 thousand shares were bought and sold for approximately $45.66 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.26% during the next 3 months and, with a 90% probability hold a price between $211.27 and $225.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LFUS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.08%. Further rise is indicated 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. The Littelfuse 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 $231.74 and $233.22. A break-up above any of these levels will issue buy signals. 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 Littelfuse stock
Littelfuse finds support from accumulated volume at $230.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $6.31 between high and low, or 2.74%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LFUS) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Littelfuse to open at $232.42, and during the day (based on 14 day Average True Range), to move between $225.91 and $235.37, which gives a possible trading interval of +/-$4.73 (+/-2.05%) up or down from last closing price. If Littelfuse takes out the full calculated possible swing range there will be an estimated 4.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $230.23 (0.18%) than the resistance at $231.70 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Littelfuse stock A Buy?
Littelfuse holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.539 Sell Candidate Downgraded
Predicted Opening Price for Littelfuse of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $232.42 ( 0.772%) | $230.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LFUS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 238.73 | 3.51 % | |
| R2 | 236.32 | 2.46 % | ||
| R1 | 234.83 | 1.82 % | ||
| Current price: | 230.64 | |||
| Support | S1 | 230.01 | -0.272 % | |
| S2 | 228.53 | -0.92 % | ||
| S3 | 226.12 | -1.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 241.90 | 4.88 % | |
| R2 | 241.10 | 4.54 % | ||
| R1 | 231.70 | 0.460 % | ||
| Current price | 230.64 | |||
| Support | S1 | 230.23 | -0.178% | |
| S2 | 226.75 | -1.69% | ||
| S3 | 225.95 | -2.03% |
LFUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Feb 21, 2024 | Mar 07, 2024 | $0.650 | 0.270% |
| 2 | Oct 31, 2023 | Nov 21, 2023 | Dec 07, 2023 | $0.650 | 0.270% |
| 3 | Jul 27, 2023 | Aug 23, 2023 | Sep 07, 2023 | $0.650 | 0.257% |
| 4 | Apr 26, 2023 | May 24, 2023 | Jun 08, 2023 | $0.600 | 0.223% |
| 5 | Jan 26, 2023 | Feb 22, 2023 | Mar 09, 2023 | $0.600 | 0.227% |
FAQ
Click here for our free guide on how to buy Littelfuse Stock.
