Levi Strauss (NYSE: LEVI) STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 19.8 – 20.2 |
Target | 21.5 – 22 |
StopLoss* | below 19 |
Duration | 10-12 Trading Days |
Potential Returns | 7% – 9% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 19.8 – 20.2 | 21.5 – 22 | below 19 | 10-12 Trading Days | 7% – 9% |
* Once the first target hit, reset the StopLoss at your buying price.
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Levi Strauss (NYSE: LEVI) STOCK OVERVIEW
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.
Stock Data | |
NYSE Symbol | LEVI |
Sectoral Index | Consumer Discretionary |
52 Weeks High | 22.39 |
52 Weeks Low | 12.415 |
Levi Strauss (NYSE: LEVI) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Levi Strauss — NYSE Composite —
Levi Strauss (NYSE: LEVI) - DAILY TECHNICAL ANALYSIS
- 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) - ADX & DI
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.
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Levi Strauss (NYSE: LEVI) - MA CROSS
The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last dayโs candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Levi Strauss (NYSE: LEVI) - OBV
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 trading advisor for USA stocks, Levi Strauss stock price target will be USD 21.5 – USD 22 in the next 10-12 trading sessions.