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AI Analysis of LOGN3.SA
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Red day on Wednesday for Log-In Logística Intermodal S.A. stock after losing 0.249%
(Updated on May 08, 2024)

Buy or Hold candidate since May 03, 2024 Loss -2.44% PDF

The Log-In Logística Intermodal S.A. stock price fell by -0.249% on the last day (Wednesday, 8th May 2024) from R$40.10 to R$40.00. During the last trading day the stock fluctuated 4.63% from a day low at R$38.44 to a day high of R$40.22. The price has fallen in 5 of the last 10 days but is still up by 0.55% over the past 2 weeks. Volume has increased on the last day by 1 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, 15 thousand shares were bought and sold for approximately R$612.00 thousand.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Log-In Logística Intermodal S.A. stock with a 90% probability to be traded between R$34.32 and R$42.18 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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LOGN3.SA Signals & Forecast

The Log-In Logística Intermodal S.A. 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 R$39.89 and R$37.68. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -2.44%. Further fall is indicated until a new bottom pivot has been found. Log-In Logística Intermodal S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Friday, May 03, 2024 and based on theory for this formation the price should fall by -29.91% to R$28.04 within 41 trading days since signal was issued (Thursday, May 09, 2024).

Support, Risk & Stop-loss for Log-In Logística Intermodal S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at R$37.90 and R$34.75. 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, Log-In Logística Intermodal S.A. finds support just below today's level at R$37.90. If this is broken, then the next support from accumulated volume will be at R$34.75 and R$33.55.

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 R$1.78 between high and low, or 4.63%. For the last week, the stock has had daily average volatility of 4.24%.

Our recommended stop-loss: R$38.60 (-3.51%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (LOGN3.SA) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Log-In Logística Intermodal S.A. to open at R$39.55, and during the day (based on 14 day Average True Range), to move between R$38.44 and R$41.56, which gives a possible trading interval of +/-R$1.56 (+/-3.90%) up or down from last closing price. If Log-In Logística Intermodal S.A. takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at R$40.89 (2.23%) than the support at R$37.90 (5.25%), 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 Log-In Logística Intermodal S.A. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Log-In Logística Intermodal S.A. stock to perform well in the short-term period.

Current score: 3.001 Buy Candidate Unchanged

Predicted Opening Price for Log-In Logística Intermodal S.A. of Thursday, May 9, 2024

Fair opening price May 9, 2024 Current price
R$39.55 ( 1.12%) R$40.00

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

Trading levels for LOGN3.SA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 41.33 3.33 %
R2 40.65 1.63 %
R1 40.23 0.583 %
Current price: 40.00
Support S1 38.87 -2.82 %
S2 38.45 -3.87 %
S3 37.77 -5.57 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 41.12 2.80 %
R2 41.00 2.50 %
R1 40.89 2.23 %
Current price 40.00
Support S1 37.90 -5.25%
S2 34.75 -13.13%
S3 33.55 -16.13%

LOGN3 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2009 Mar 18, 2009 Mar 18, 2009 R$1.01 3.74%
2 Mar 05, 2008 Mar 05, 2008 Mar 05, 2008 R$0.500 1.05%

FAQ

What is the symbol for Log-In Logística Intermodal S.A. Stock and on which exchange is it traded?
The symbol for Log-In Logística Intermodal S.A. is LOGN3.SA and it is traded on the SAO (São Paulo).

Should I buy or sell Log-In Logística Intermodal S.A. Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Log-In Logística Intermodal S.A. stock to perform well in the short-term period.

How to buy Log-In Logística Intermodal S.A. Stock?
Log-In Logística Intermodal S.A. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Log-In Logística Intermodal S.A. Stock.

What's the current price of Log-In Logística Intermodal S.A. Stock?
As of the end of day on the May 08, 2024, the price of an Log-In Logística Intermodal S.A. (LOGN3.SA) share was R$40.00.

What is the 52-week high and low for Log-In Logística Intermodal S.A. Stock?
The 52-week high for Log-In Logística Intermodal S.A. Stock is R$53.68 and the 52-week low is R$31.50.

What is the market capitalization of Log-In Logística Intermodal S.A. Stock?
As of the May 08, 2024, the market capitalization of Log-In Logística Intermodal S.A. is 4.244B.
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