LVMH Moët Hennessy - Louis Vuitton, Stock Forecast
Red day on Thursday for LVMH Moët Hennessy - Louis Vuitton,
(Updated on May 02, 2024)
The LVMH Moët Hennessy - Louis Vuitton, stock price fell by -0.96% on the last day (Thursday, 2nd May 2024) from 774.40€ to 767.00€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.03% from a day low at 765.00€ to a day high of 780.50€. The price has fallen in 6 of the last 10 days and is down by -4.6% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -83 thousand shares and in total, 233 thousand shares were bought and sold for approximately 178.84€ million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 746.57€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.77% during the next 3 months and, with a 90% probability hold a price between 718.42€ and 822.71€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MC.PA Signals & Forecast
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 Moët Hennessy - Louis Vuitton, 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 784.37€ and 814.26€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -12.12%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for LVMH Moët Hennessy - Louis Vuitton, stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 15.50€ between high and low, or 2.03%. For the last week the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MC.PA) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect LVMH Moët Hennessy - Louis Vuitton, Société Européenne to open at 770.83€, and during the day (based on 14 day Average True Range), to move between 749.02€ and 784.98€, which gives a possible trading interval of +/-17.98€ (+/-2.34%) up or down from last closing price. If LVMH Moët Hennessy - Louis Vuitton, Société Européenne takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 821.80€, some 54.80€ (7.14%) from the current price of 767.00€, our system finds the risk reward not very attractive.
Is LVMH Moët Hennessy - Louis Vuitton, Société Européenne stock A Buy?
LVMH Moët Hennessy - Louis Vuitton, 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.
Current score: -2.381 Sell Candidate Unchanged
Predicted Opening Price for LVMH Moët Hennessy - Louis Vuitton, Société Européenne of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 770.83€ ( 0.500%) | 767.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MC.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 786.33 | 2.52 % | |
| R2 | 780.41 | 1.75 % | ||
| R1 | 776.75 | 1.27 % | ||
| Current price: | 767.00 | |||
| Support | S1 | 764.91 | -0.272 % | |
| S2 | 761.25 | -0.749 % | ||
| S3 | 755.33 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 862.30 | 12.43 % | |
| R2 | 842.80 | 9.88 % | ||
| R1 | 821.80 | 7.14 % | ||
| Current price | 767.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
MC 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 | 7.00€ | 0.787% |
| 4 | Dec 01, 2022 | Dec 01, 2022 | Dec 01, 2022 | 5.00€ | 0.693% |
| 5 | Apr 26, 2022 | Apr 26, 2022 | Apr 26, 2022 | 7.00€ | 1.15% |
FAQ
Click here for our free guide on how to buy LVMH Moët Hennessy - Louis Vuitton, Société Européenne Stock.
