LEVI STRAUSS & CO- CLASS A (LEVI) Stock Technical Analysis
NYSE:LEVI • US52736R1023
Taking everything into account, LEVI scores 7 out of 10 in our technical rating. LEVI has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The long and short term trends are both positive. This is looking good!
- LEVI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LEVI is lagging the market slightly.
- In the last month LEVI has a been trading in the 19.10 - 23.15 range, which is quite wide. It is currently trading near the high of this range.
- LEVI has an average volume of 2270500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, LEVI turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
- LEVI is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry, LEVI did better than 63% of them.
Besides having an excellent technical rating, LEVI also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.05
3 important support areas can be observed.
- A support zone ranging from 21.20 to 21.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.44 from a trend line in the weekly time frame.
- A support zone ranging from 19.24 to 19.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @24.01 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 24.45 to 24.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for LEVI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LEVI is up. |
| ChartMill Relative Strength | 68.03 | NEUTRAL | LEVI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LEVI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LEVI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LEVI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.61 | NEUTRAL | The RSI value for LEVI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests LEVI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.87 | NEUTRAL | The Stochastics value for LEVI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for LEVI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.6 | NEGATIVE | The low ADX value for LEVI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.16 | 21.21 | 1.95 (8.42%) | 11.88% |
| An entry @23.16. This is a Buy Stop order right above the 10 day high. | An exit @21.21. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.95 points, which is 8.42%. | When investing 11.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
22.09
+0.33 (+1.52%)
LEVI STRAUSS & CO- CLASS A / LEVI FAQ
Can you provide the ChartMill technical rating for LEVI STRAUSS & CO- CLASS A?
ChartMill assigns a technical rating of 7 / 10 to LEVI.
What is the trend direction for LEVI stock?
The current trend direction for LEVI STRAUSS & CO- CLASS A (LEVI) is Bullish.
Can you provide the RSI signal for LEVI STRAUSS & CO- CLASS A?
LEVI STRAUSS & CO- CLASS A (LEVI) has an RSI value of 55.61. This indicates that the stock is currently neutral.
What is the buy/sell signal for LEVI STRAUSS & CO- CLASS A (LEVI) stock?
The buy/sell signal for LEVI STRAUSS & CO- CLASS A (LEVI) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for LEVI STRAUSS & CO- CLASS A (LEVI) stock?
LEVI STRAUSS & CO- CLASS A (LEVI) has a support level at 21.54 and a resistance level at 24.01. Check the full technical report for our detailed analysis of LEVI support and resistance levels.