LOGI Forecast and Technical Stock AnalysisBuy candidate since 2019-07-18
Logitech International S.A. gained 0.67% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $38.86 to $39.12 During day the stock fluctuated 1.35% from a day low at $38.63 to a day high of $39.15. The price has fallen in 6 of the last 10 days and is down by -1.36% for this period. Volume fell in the last day by -11 814 shares, and in total, 121 152 shares bought and sold for approximately $4.74 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the LOGI stock price was $41.36 and low was $37.58.
- 90 day high was $42.09 and low was $35.70.
- 52 week high for the Logitech International S.A. - $49.96 and low - $29.06.
Logitech International S.A. 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 Logitech International S.A. with 90% probability to be traded between $34.66 and $39.89 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Logitech International S.A. holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $39.19. On a fall, the stock will find some support from the long-term average at approximately $38.39. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday July 17, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 52 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Logitech International S.A. finds support from accumulated volume at $38.86.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.52 (1.35%) between high and low. For the last week, the stock has had a daily average volatility of 1.00%.
Our recommended stoploss: $37.01 (-5.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
1.00 %Average volatility
Very Low Low Medium High Very High
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 this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
|LOGI $39.12 ($0.26 0.67%)|
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