LOGI - Logitech International S.A.

| Exchange: NASDAQ
#3262/#4940

Hold/Accumulate
Wed 20'th Sep 2017

PERIOD COVERED 2017-06-21 - 2017-09-20
CHANGE -1.14%
PRICE $37.40
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

BOLLINGER
Buy
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Logitech International S.A. Stock Analysis

Technical stock analysis for Wed 20'th Sep 2017

Hold candidate since 2017-09-19 Loss -1.14%

Logitech International S.A. fell by -1.14% in the last day from $37.83 to $37.40 The price has risen in 8 of the last 10 days and is up by 6.98% over the past 2 weeks. Volume has increased in the last day by 21 110 shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 314 284 shares bought and sold for approximately $11.75 million.

Trend

Logitech International S.A. lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.53% during the next 3 months and, with 90% probability hold a price between $32.14 and $37.74 at the end of this period.

Signals

Logitech International S.A. holds buy signals from both short- and long-term moving averages. In addition, 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 $37.27 and $35.68. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday September 19, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Relative Strength Index (RSI)

The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Support & Resistance

Logitech International S.A. finds support from accumulated volume at $37.34. On the upside the stock meets some resistance just above today's level from accumulated volume at $38.72, $39.19 and $40.75.

The stock is about to test the resistance from accumulated volume at $38.72 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $37.34 Price: $37.4 Resistance: $38.72
S: $37.34 Price: $37.4 R: $38.72

Risk

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 $1.03 (2.79%) between high and low. For the last week, the stock has had a daily average volatility of 1.31%.

Our recommended stoploss: $35.81 (-4.25%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

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Overall risk:

           

Evaluation

Logitech International S.A. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate

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