NYSE trade advice (A): US consumer discretionary stock | 7-9% gain | USA stock trading idea on 17 Apr 2024

Date
April 17, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Swing Stocks Trading Advice USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Levi Strauss
  • 19.8 – 20.2
  • 21.5 – 22
  • Below 19
  • 7% - 9%
  • 10 - 12 Days
  • Buy
    Levi Strauss
  • Buy
    Range
    19.8 – 20.2
  • Target
    21.5 – 22
  • Stoploss
    Below 19
  • Upside
    Potential
    7% - 9%
  • Trade
    Duration
    10 - 12 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Levi Strauss (NYSE: LEVI) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • LEVI
  • Levi Strauss
  • Consumer Discretionary
  • 22.39
  • 12.415
  • NYSE code LEVI
  • Stock Name Levi Strauss
  • Sector Consumer Discretionary
  • 52 Weeks High 22.39
  • 52 Weeks Low 12.415
  • Levi Strauss (NYSE: LEVI) vs NYSE - Relative Strength Comparison

    The image highlights Levi Strauss's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    LEVI —   NYSE —

  • Levi Strauss (NYSE: LEVI) - Technical Analysis (Daily)

    Levi Strauss - Technical Analysis chart on Daily Price and Volume
    Levi Strauss - Technical Analysis chart on Daily Price and Volume

    • Price was going through a deep consolidation phase.
    • In this phase, a Rounding Bottom pattern has been formed.
    • After the breakout, price successfully retested the breakout level and moving upside further.
    • It is expected that the price will maintain this uptrend.
  • Levi Strauss (NYSE: LEVI) - MA Crossover

    Levi Strauss stock analysis based on MA Crossover
    Levi Strauss - MA Crossover

    • The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Levi Strauss (NYSE: LEVI) - ADX & DI Indicator

    Levi Strauss stock analysis based on ADX & DI Indicator
    Levi Strauss - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Levi Strauss (NYSE: LEVI) - OBV Indicator

    Levi Strauss stock analysis based on OBV Indicator
    Levi Strauss - OBV Indicator

    • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

  • Conclusion - Levi Strauss (NYSE: LEVI) Stock Price Forecast

    Based on our short term stock trading advisory services in USA, Levi Strauss stock price target will be USD 21.5 - USD 22 in the next 10-12 trading sessions.

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    Target hit. Trade closed.

    17 Apr 2024
    23 Apr 2024
    23 Apr 2024
    5 days
    Loss per
    100,000 SAR
    Stop-loss
    19
    Buy Advice
    17 Apr 2024
    19.8 – 20.2
    Target 1
    23 Apr 2024
    21.5
    Target 2
    23 Apr 2024
    22
    Profit per
    100,000 SAR
    5 days
    9,181
    19
    19.8 – 20.2
    21.5
    22
    9,181
    17 Apr 2024
    23 Apr 2024
    23 Apr 2024
    5 days
    Loss per
    100,000 SAR
    Stop-loss
    19
    Buy Advice
    17 Apr 2024
    19.8 – 20.2
    Target 1
    23 Apr 2024
    21.5
    Target 2
    23 Apr 2024
    22
    Profit per
    100,000 SAR
    5 days
    9,181
    19
    19.8 – 20.2
    21.5
    22
    9,181
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Levi Strauss
  • 19.8 – 20.2
  • 21.5 – 22
  • Below 19
  • 7% - 9%
  • 10 - 12 Days
  • Buy Levi Strauss
  • Buy
    Range
    19.8 – 20.2
  • Target 21.5 – 22
  • Stoploss Below 19
  • Upside
    Potential
    7% - 9%
  • Trade
    Duration
    10 - 12 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Levi Strauss
  • 19.8 – 20.2
  • 21.5 – 22
  • Below 19
  • 7% - 9%
  • 10 - 12 Days
  • Buy
    Levi Strauss
  • Buy
    Range
    19.8 – 20.2
  • Target
    21.5 – 22
  • Stoploss
    Below 19
  • Upside
    Potential
    7% - 9%
  • Trade
    Duration
    10 - 12 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Levi Strauss (NYSE: LEVI) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • LEVI
  • Levi Strauss
  • Consumer Discretionary
  • 22.39
  • 12.415
  • NYSE code LEVI
  • Stock Name Levi Strauss
  • Sector Consumer Discretionary
  • 52 Weeks High 22.39
  • 52 Weeks Low 12.415
  • Company profile

    Levi Strauss & Co. is a globally renowned American clothing company, best known for its denim jeans. The company was founded by Levi Strauss in 1853 in San Francisco, California. It offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi’s, Dockers, Signature by Levi Strauss & Co., Denizen, and Beyond Yoga brands. The company also licenses Levi’s and Dockers trademarks for various product categories, including footwear, belts, wallets, bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.

  • Levi Strauss (NYSE: LEVI) vs NYSE - Relative Strength Comparison

    The image highlights Levi Strauss's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    LEVI —   NYSE —

  • Levi Strauss (NYSE: LEVI) - Technical Analysis (Daily)

    Levi Strauss - Technical Analysis chart on Daily Price and Volume
    Levi Strauss - Technical Analysis chart on Daily Price and Volume

    • Price was going through a deep consolidation phase.
    • In this phase, a Rounding Bottom pattern has been formed.
    • After the breakout, price successfully retested the breakout level and moving upside further.
    • It is expected that the price will maintain this uptrend.
  • Levi Strauss (NYSE: LEVI) - MA Crossover

    Levi Strauss stock analysis based on MA Crossover
    Levi Strauss - MA Crossover

    • The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Levi Strauss (NYSE: LEVI) - ADX & DI Indicator

    Levi Strauss stock analysis based on ADX & DI Indicator
    Levi Strauss - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Levi Strauss (NYSE: LEVI) - OBV Indicator

    Levi Strauss stock analysis based on OBV Indicator
    Levi Strauss - OBV Indicator

    • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

  • Conclusion - Levi Strauss (NYSE: LEVI) Stock Price Forecast

    Based on our short term stock trading advisory services in USA, Levi Strauss stock price target will be USD 21.5 - USD 22 in the next 10-12 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

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