Log-In Logística Intermodal S.A. Stock Forecast
Green day on Friday for Log-In Logística Intermodal S.A. stock after gaining 1.91%
(Updated on May 17, 2024)
The Log-In Logística Intermodal S.A. stock price gained 1.91% on the last trading day (Friday, 17th May 2024), rising from R$38.75 to R$39.49. During the last trading day the stock fluctuated 2.95% from a day low at R$38.36 to a day high of R$39.49. The price has fallen in 6 of the last 10 days and is down by -3.68% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately R$521.27 thousand.
The stock lies in the middle of a wide and weak 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 2.25% during the next 3 months and, with a 90% probability hold a price between R$34.79 and R$42.01 at the end of this 3-month period.
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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$39.40 and R$37.98. A breakdown below any of these levels will issue sell signals. Log-In Logística Intermodal S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Thursday, May 09, 2024, and so far it has fallen -3.68%. 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).
Support, Risk & Stop-loss for Log-In Logística Intermodal S.A. stock
Log-In Logística Intermodal S.A. finds support from accumulated volume at R$37.90 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 R$1.13 between high and low, or 2.95%. For the last week, the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: R$37.51 (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (LOGN3.SA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Log-In Logística Intermodal S.A. to open at R$39.11, and during the day (based on 14 day Average True Range), to move between R$37.89 and R$41.09, which gives a possible trading interval of +/-R$1.60 (+/-4.05%) 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 8.11% 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$39.50 (0.03%) than the support at R$37.90 (4.03%), 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?
Log-In Logística Intermodal S.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.423 Hold/Accumulate Unchanged
Predicted Opening Price for Log-In Logística Intermodal S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| R$39.11 ( 0.95%) | R$39.49 |
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 | 40.24 | 1.91 % | |
| R2 | 39.81 | 0.81 % | ||
| R1 | 39.54 | 0.139 % | ||
| Current price: | 39.49 | |||
| Support | S1 | 38.68 | -2.05 % | |
| S2 | 38.41 | -2.72 % | ||
| S3 | 37.98 | -3.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.00 | 3.82 % | |
| R2 | 39.75 | 0.658 % | ||
| R1 | 39.50 | 0.0253 % | ||
| Current price | 39.49 | |||
| Support | S1 | 37.90 | -4.03% | |
| S2 | 34.75 | -12.00% | ||
| S3 | 33.55 | -15.04% |
LOGN3 Dividend Payout History
| # | 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
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