Logitech International S.A. Stock Forecast
Logitech International S.A. stock upgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)
The Logitech International S.A. stock price gained 1.03% on the last trading day (Thursday, 28th Mar 2024), rising from $88.46 to $89.37. During the last trading day the stock fluctuated 1.21% from a day low at $88.68 to a day high of $89.75. The price has been going up and down for this period, and there has been a -4.47% loss for the last 2 weeks. Volume fell on the last day by -130 thousand shares and in total, 317 thousand shares were bought and sold for approximately $28.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock 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 -2.62% during the next 3 months and, with a 90% probability hold a price between $79.73 and $91.87 at the end of this 3-month period.
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LOGI Signals & Forecast
The Logitech International S.A. stock holds a sell 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 giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $90.12. On a fall, the stock will find some support from the long-term average at approximately $88.93. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, March 15, 2024, and so far it has fallen -5.65%. 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 Logitech International S.A. stock
Logitech International S.A. finds support from accumulated volume at $88.16 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 $1.07 between high and low, or 1.21%. For the last week, the stock has had daily average volatility of 1.39%.
Our recommended stop-loss: $85.08 (-4.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (LOGI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Logitech International S.A. to open at $89.27, and during the day (based on 14 day Average True Range), to move between $87.30 and $91.44, which gives a possible trading interval of +/-$2.07 (+/-2.32%) up or down from last closing price. If Logitech International S.A. takes out the full calculated possible swing range there will be an estimated 4.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $88.16 (1.35%) than the resistance at $91.41 (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Logitech International S.A. stock A Buy?
Logitech International S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.143 Hold/Accumulate Upgraded
Predicted Opening Price for Logitech International S.A. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$89.27 ( 0.116%) | $89.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LOGI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 90.34 | 1.08 % | |
R2 | 89.93 | 0.624 % | ||
R1 | 89.68 | 0.342 % | ||
Current price: | 89.37 | |||
Support | S1 | 88.86 | -0.573 % | |
S2 | 88.61 | -0.86 % | ||
S3 | 88.20 | -1.31 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 95.93 | 7.34 % | |
R2 | 94.72 | 5.99 % | ||
R1 | 91.41 | 2.28 % | ||
Current price | 89.37 | |||
Support | S1 | 88.16 | -1.35% | |
S2 | 87.15 | -2.48% | ||
S3 | 84.86 | -5.05% |
LOGI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 06, 2022 | Sep 26, 2022 | Sep 28, 2022 | $0.98 | 2.07% |
2 | Sep 10, 2021 | Sep 20, 2021 | Sep 22, 2021 | $0.94 | 0.96% |
3 | Jan 01, 1900 | Sep 18, 2020 | Jan 01, 1900 | $0.87 | 0% |
4 | Jul 25, 2018 | Sep 19, 2018 | Sep 21, 2018 | $0.692 | 1.51% |
5 | Sep 12, 2017 | Sep 25, 2017 | Sep 27, 2017 | $0.628 | 1.73% |
FAQ
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