LOGI - Logitech International S.A.

Buy Candidate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
0.54%
PRICE
$35.47
VOLUME
Sell
TREND
Buy
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Sell
Request Prediction
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Logitech International S.A. Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Buy candidate since 2017-05-18 Gain 1.95%

Logitech International S.A. gained 0.54% in the last trading day, rising from USD 35.28 to USD 35.47 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 8 of the last 10 days and is up by 2.72% over the past 2 weeks. Volume fell in the last day by -103 513 shares, and in total, 285 326 shares bought and sold for approximately USD 10.12 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.

Trend

Logitech International S.A. lies in the middle of a 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 20.4% during the next 3 months and, with 90% probability hold a price between USD 39.66 and USD 43.92 at the end of this period.

Signals

Only positive signals in the chart today. 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 USD 35.26 and USD 33.08. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday May 17, 2017, 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.

The stock had a Golden Star Signal* on Friday July 08, 2016 in the mediumterm chart.

* 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 65 and the stock is currently not being overbought or oversold

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at USD 32.80 and USD 32.65. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 35.96.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Logitech International S.A. finds support just below today's level at 32.80. If this is broken, then the next support from accumulated volume will be at 32.65 and 31.79. The stock is about to test the resistance at USD 35.96. If this level is broken the stock may move faster and we often see a peak at the end of such a break, posing a good sales opportunity as in 90% of the cases you will get a reaction back to the level broken before new gains. A break should be followed by increasing volume else the break may be false and despite a break of the actual resistance level the stock falls back fairly soon.

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 USD 0.30 (0.85%) between high and low. For the last week, the stock has had a daily average volatility of 1.64%.

Our recommended stoploss: USD 33.73 (-4.91%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)

Evaluation

Several short-term signals, along with a general good trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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