LVMH MOET HENN L VUT Stock Forecast
LVMH MOET HENN L VUT stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The LVMH MOET HENN L VUT stock price gained 0.94% on the last trading day (Friday, 26th Apr 2024), rising from $837.00 to $844.85. During the last trading day the stock fluctuated 1.78% from a day low at $841.04 to a day high of $856.00. The price has risen in 6 of the last 10 days and is up by 1.75% over the past 2 weeks. Volume fell on the last day by -559 shares and in total, 457 shares were bought and sold for approximately $386.10 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $828.99 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect LVMH MOET HENN L VUT stock with a 90% probability to be traded between $821.93 and $939.99 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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LVMHF Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 1.75%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The LVMH MOET HENN L VUT stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $851.13 and $886.06. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for LVMH MOET HENN L VUT stock
LVMH MOET HENN L VUT finds support from accumulated volume at $844.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $14.96 between high and low, or 1.78%. For the last week the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LVMHF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect LVMH MOET HENN L VUT to open at $847.30, and during the day (based on 14 day Average True Range), to move between $824.75 and $864.95, which gives a possible trading interval of +/-$20.10 (+/-2.38%) up or down from last closing price. If LVMH MOET HENN L VUT takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $844.88 (0.00%) than the support at $844.20 (0.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is LVMH MOET HENN L VUT stock A Buy?
LVMH MOET HENN L VUT holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.357 Sell Candidate Downgraded
Predicted Opening Price for LVMH MOET HENN L VUT of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$847.30 ( 0.290%) | $844.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LVMHF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 862.26 | 2.06 % | |
R2 | 856.54 | 1.38 % | ||
R1 | 853.01 | 0.97 % | ||
Current price: | 844.85 | |||
Support | S1 | 841.58 | -0.387 % | |
S2 | 838.05 | -0.80 % | ||
S3 | 832.34 | -1.48 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 935.00 | 10.67 % | |
R2 | 932.00 | 10.32 % | ||
R1 | 844.88 | 0.0030 % | ||
Current price | 844.85 | |||
Support | S1 | 844.20 | -0.0769% | |
S2 | 840.00 | -0.574% | ||
S3 | 839.29 | -0.658% |
LVMHF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 23, 2024 | Apr 23, 2024 | Apr 23, 2024 | $0 | 0% |
2 | Dec 04, 2023 | Dec 04, 2023 | Dec 04, 2023 | $0 | 0% |
3 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | $7.73 | 0.797% |
4 | Dec 01, 2022 | Dec 01, 2022 | Dec 01, 2022 | $5.20 | 0.692% |
5 | Apr 26, 2022 | Apr 26, 2022 | Apr 26, 2022 | $7.50 | 1.16% |
FAQ
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