Littelfuse Stock Forecast

Littelfuse stock price ended at $226.75 on Friday, after gaining 0.279%.
(Updated on Apr 19, 2024)

LFUS Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.354%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 $230.01 and $234.48. 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).

Support, Risk & Stop-loss for Littelfuse stock

Littelfuse finds support from accumulated volume at $226.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $2.40 (1.07%) between high and low. For the last week, the stock has had daily average volatility of 1.72%.

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 Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Littelfuse to open at $226.14, and during the day (based on 14 day Average True Range), to move between $221.65 and $231.85, which gives a possible trading interval of +/-$5.10 (+/-2.25%) up or down from last closing price. If Littelfuse takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $226.12 (0.28%) than the resistance at $231.70 (2.18%), 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.

Current score: -1.715 Sell Candidate Unchanged

Predicted Opening Price for Littelfuse of Monday, April 22, 2024

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