Logitech International S.A. Stock Forecast
Evaluation of Logitech International S.A. stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Logitech International S.A. stock price fell by -2.23% on the last day (Tuesday, 2nd Jul 2024) from $96.51 to $94.36. During the last trading day the stock fluctuated 1.54% from a day low at $93.63 to a day high of $95.07. The price has fallen in 6 of the last 10 days and is down by -4.83% for this period. Volume has increased on the last day by 224 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, 458 thousand shares were bought and sold for approximately $43.18 million.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $94.53. A reaction back to this level may hold a second chance to get out before further falls.
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LOGI Signals & Forecast
There are few to no technical positive signals at the moment. The Logitech International S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $96.56 and $96.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -7.64%. 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 Logitech International S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at $81.26 and $79.44. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Logitech International S.A. finds support just below today's level at $81.26. If this is broken, then the next support from accumulated volume will be at $79.44 and $78.39.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.44 (1.54%) between high and low. For the last week, the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LOGI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Logitech International S.A. to open at $94.35, and during the day (based on 14 day Average True Range), to move between $92.43 and $96.29, which gives a possible trading interval of +/-$1.93 (+/-2.04%) up or down from last closing price. If Logitech International S.A. takes out the full calculated possible swing range there will be an estimated 4.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $96.11 (1.85%) than the support at $81.26 (13.88%), 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 Logitech International S.A. stock A Buy?
The Logitech International S.A. stock holds several negative signals and despite the positive trend, we believe Logitech International S.A. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Strong Sell candidate.
Current score: -6.028 Strong Sell Candidate Downgraded
Predicted Opening Price for Logitech International S.A. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $94.35 ( 0.0071%) | $94.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LOGI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 95.79 | 1.52% |
| R2 | 95.24 | 0.94% |
| R1 | 94.90 | 0.576% |
| Price | 94.36 | |
| S1 | 93.80 | -0.590% |
| S2 | 93.46 | -0.95% |
| S3 | 92.91 | -1.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.01 | 5.99% |
| R2 | 96.89 | 2.68% |
| R1 | 96.11 | 1.85% |
| Price | 94.36 | |
| S1 | 81.26 | -13.88% |
| S2 | 79.44 | -15.81% |
| S3 | 78.39 | -16.92% |
LOGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 13, 2023 | Sep 25, 2023 | Sep 27, 2023 | $1.17 | 1.73% |
| 2 | Sep 06, 2022 | Sep 26, 2022 | Sep 28, 2022 | $0.98 | 2.07% |
| 3 | Sep 10, 2021 | Sep 20, 2021 | Sep 22, 2021 | $0.94 | 0.96% |
| 4 | Jan 01, 1900 | Sep 18, 2020 | Jan 01, 1900 | $0.87 | 0% |
| 5 | Jul 25, 2018 | Sep 19, 2018 | Sep 21, 2018 | $0.692 | 1.51% |
FAQ
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