LOGI - Logitech International S.A. Thu 23'rd Feb 2017
Stock analysis for Thu 23'rd Feb 2017 (Updated daily)
Sell candidate since 2017-02-23
Logitech International S.A. Stock Analysis
Logitech International S.A. fell by -0.68% in the last day, from USD 29.24 to USD 29.04. , and has now fallen 3 day in a row The price has fallen in 5 of the last 10 days and is down by -0.79% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -50 773 shares and in total, 183 820 shares bought and sold for approx. USD 5.34 million.
Logitech International S.A. lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.5% during the next 3 months and, with 90% probability hold a price between USD 34.99 and USD 39.52 at the end of this period.
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 USD 29.39. On a fall, the stock will find some support from the long-term average at approximately USD 27.67. 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. 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 Thursday February 16, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
Logitech International S.A. finds support from accumulated volume at USD 29.00, USD 25.63, and USD 25.38. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 29.06, USD 29.28 and USD 29.37.
The stock is about to test the resistance from accumulated volume at USD 29.06 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 USD 0.30 (1.03%) between high and low. For the last week, the stock has had a daily average volatility of 0.89%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Logitech International S.A. holds several negative signals and we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.