VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

LOGI Forecast and Technical Stock Analysis

Buy 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.

Quick summary:

  • 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.
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Trend

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.

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Signals

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.

A buy signal from a double bottom formation was found on Wednesday July 17, 2019 and based on theory for this formation the price should go up by 0.84% to $39.60 within 6 trading days since signal was issued (Thursday July 25, 2019).

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.

Support: $38.86 Price: $39.12 Resistance: $39.54

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 $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

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

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.

Weaker Buy Today LOGI ranks #1474 as BUY CANDIDATE #1474 Stronger Buy

Will LOGI stock price go up or down on Mon, 22 Jul 2019?

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