Levi

Wednesday

Show

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>LEVI stock price is up by 1.74% in the last trading session and currently trades at $13.43.</a> </li> 
 <li> <span>2</span> <a>LEVI Strauss &amp; Co. is yet to announce Q3 results on 5th October, 2023.&nbsp;</a> </li> 
 <li> <span>3</span> <a>The daily chart illustrates a consolidation of over 20 days near the recent support.&nbsp;&nbsp;</a> </li> 
</ul> 
<p>Levi Strauss &amp; Co. (NYSE: LEVI) stock price surged 1.74% intraday on Wednesday and is currently trading at $13.43. The daily chart illustrates a consolidation of over 20 days near the recent support. The company is yet to announce its third quarterly results which may impact the stock price.<br><br>The Wall Street expectations are higher as compared to the last quarter. The company is expected to deliver an estimated revenue of $1.54 Billion. The estimated earnings for the current quarter as per the analysts is $0.27 Billion.<br><br>The long-term price trend seems to have entered an accumulation phase and is currently hovering near the lower boundary of the accumulation. The short-term price trend depends on the quarterly results. Good quarterly results may attract investors and the stock price may show gains in the upcoming session.&nbsp;</p> 
<p>The technical indicators imply that the stock price is struggling to break above the 50-day EMA in the recent sessions. The breakout above the key EMA may surge the price to the higher EMA.&nbsp;</p> 
<div class="wp-block-image"> 
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  <img decoding="async" loading="lazy" width="1024" height="499" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-85-1024x499.png" alt="" class="wp-image-173581" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-85-1024x499.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-85-300x146.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-85-768x374.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-85-750x366.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-85-1140x556.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-85.png 1448w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: barchart.com
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 </figure>
</div> 
<p>LEVI stock option-chain analysis shows that the current implied volatility in the market is 20.34% with an increment of 0.10% in the last trading session. The at-the-money strike has an OI of 327 on the PUT side and 290 on the CALL side indicating that bulls are slightly dominating at the CMP.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-levi-stock-price-forecast-for-2023-strong"><strong>LEVI Stock Price Forecast For 2023</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-84-1024x456.png" alt="" class="wp-image-173580" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-84-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-84-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-84-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-84-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-84-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-84-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-84.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Levi Strauss &amp; Co.&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>The average analyst price target for Levi stock in 2023 is $16.34, which represents a potential downside of 21.66% from the current price. However, there is a wide range of analyst price targets between $14 to $21.</p> 
<p>The most optimistic analysts believe that Levi stock could reach $21 in 2023 if the global clothing and fashion industry grows strongly. It may grow more if Levi Strauss &amp; Co. is able to successfully come up with new designs.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-show-weakness-over-the-chart-strong"><strong>Technical Indicators Show Weakness Over the Chart</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-83-1024x456.png" alt="" class="wp-image-173579" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-83-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-83-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-83-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-83-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-83-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-83-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-83.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Levi Strauss &amp; Co.&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>The overall technical opinion rating, including RSI and MACD indicators, signals an 80% “sell” with a strengthening short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/10/04/barc-stock-will-barclays-stock-break-above-the-166-gbx-level/" target="_blank" rel="noreferrer noopener">LEVI stock price</a> is consolidating near the support, waiting for the third quarter results. The Wall Street expectations are higher than the last quarter. The long-term trend is in the accumulation phase, while the short-term trend depends on the earnings.&nbsp;</p> 
<p>The price needs to break above the 50-day EMA to rise further. The average analyst price target for 2023 is $16.34, lower than the current price. The highest target is $21, which requires strong growth in the clothing and fashion industry along with new designs from Levi Strauss.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $12.84 and $12.10</li> 
 <li><strong>Resistance levels:</strong> $13.79 and $15.21</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

What To Expect From Levi Stock Price With Q3 Earnings Ahead?

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