LOGI stock: buy or sell?
Dec 1st, 2020
LOGI stock brief
- Logitech International closed on Tuesday at $88.22 after going down a -2.30% and broke a streak of 4 sessions in positive.
- The stock is configuring an uptrend pattern since last March, when it bottomed at $30.98. Up to date, price marked a 184.76% profit since the beginning of this rally
- Logitech International S. A., through its subsidiaries, designs, manufactures, and markets products that helps people connect to digital and cloud experiences.
Should I buy Logitech International stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $LOGI stock a buy?
In the current situation of Logitech International there is just one buy setup eligible:
Uptrend buy setup
Logitech International stock continues to trend higher since last March and has marked an amazing 184.76% gain. Price marked a local bottom in this uptrend at $75.12 in early November, and since then it bounced up a 17.44%. Breaking out above $95.71 - it's last top - will be a good entry point if Logitech International resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $86.14
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$95.71||$86.14||10.00%|
Should I sell Logitech International stock?
"To sell or not to sell", if you are holding Logitech International shares?. Trading strategies help us to avoid impulsive decisions based on our emotions or the buzz that surrounds the market. When selling, as well as buying, our strategies are very simple to use and are only applicable for selling shares in your porfolio, not for selling short Logitech International stock
A guiding principle is that you should never keep a trade that leads to higher than expected losses at the time of the buy. The timing to sell your stock must always be determined by the stop-loss (automatic or manual)
Is it time to sell Logitech International stock?
In the current situation of Logitech International there is not any eligible sell setup, so Logitech International stock holders with operations in green can keep their positions
Logitech International ratings
In the last month, 2 ratings were published for Logitech International. General sentiment is bullish, with 2 out of 2 publishing positive outlooks
|Nov 5th, 2020|
|Kepler Capital Markets|| Neutral → |
|Nov 12th, 2020|
Logitech International stock analysis
Logitech International stock started an uptrend last March, and grew a gorgeous 184.76%. The price shows higher peaks and higher lows, and along the way gave some buying opportunities for those who wanted to trade in. Latest low was in early November, when price bounced at $75.12. Now, the price moves in a consolidation between its last top ($95.71) and its last bottom ($75.12)
Supports and resistances
The current resistances are:
The current support levels are:
Relative strength index
The RSI dropped below the overbought level of 70 in early November after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Tuesday was 57.01. Since RSI lost the overbought zone, Logitech International stock collapsed a 6.09%
Logitech International stock price history
Logitech International went public priced at an adjusted price1 of $1.53 on Mar 1997. Since then, LOGI stock surged by 5,666.01%, with an average of 246.35% per year. If you had invested $1,000USD in Logitech International stock on the IPO, it would have a value of $57,660.13 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Logitech International stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
The following table shows the price target posted by financial institutions for the last 30 days. If you are a small trader you shouldn't trade based on these price targets.
There is just one price target available for Logitech International that predicts a price of $100.00.
|Brokerage firm||Price target|
|Nov 5th, 2020|
|Kepler Capital Markets||Not available|
|Nov 12th, 2020|
Earnings and financials
Logitech International ($LOGI) hosted the earnings event and presented the report last October. LOGI surpassed Wall St estimates and posted of $1.87, that is a 228.07% improvement compared to the previous predictions of $0.57. Similarly, reported revenues were $1.3 billion versus estimates of $834.6 million.Same quarter one year ago, reported EPS was $0.50, so recently reported EPS is a gain of 274.00%. Looking at revenues, figures exploded a 74.68% compared to $7.2B same quarter last year.
LOGI ($LOGI) releases quarterly financial report mid next January.
Logitech International competitors
Logitech International is part of the Technology sector and the Computer Hardware industry, where it has 14 industry peers.
The following are some of Logitech International main competitors:
|Company||Market cap||Rating||Bullish ratings1|
|Logitech International ($LOGI)||$14.6B|| ||2|
|Dell Technologies ($DELL)||$51.5B||Buy||6|
|Arista Networks ($ANET)||$20.6B||Buy||3|
|Western Digital ($WDC)||$12.6B||Neutral||0|
1 In the last 30 days.
Logitech International performance
To better understand Logitech International stock performance you must compare its gains with other related stocks in same sector or industry.. For Logitech International, the benchmark is made against Dell Technologies, HP, Arista Networks, Canon, Seagate and Western Digital.
|Logitech International ($LOGI)||4.10%||17.40%||53.40%|
|Dell Technologies ($DELL)||14.20%||3.90%||39.50%|
|Arista Networks ($ANET)||30.00%||21.70%||19.20%|
|Western Digital ($WDC)||18.20%||18.00%||-0.40%|
Important note:The viewpoints given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have an understanding of the particular scenarios of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for informational motives only
|Tuesday, December 1st, 2020|
|Day range||$86.46 - $88.35|
|Average true range||$3.77|
|50d mov avg||$82.28|
|100d mov avg||$76.57|
|200d mov avg||$62.98|
|Earnings date||January 19th, 2021|