LVMH Moët Hennessy - Louis Vuitton, Stock Forecast
LVMH Moët Hennessy - Louis Vuitton, stock upgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The LVMH Moët Hennessy - Louis Vuitton, stock price fell by -0.337% on the last day (Tuesday, 2nd Jul 2024) from 712.00€ to 709.60€. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.65% from a day low at 703.10€ to a day high of 714.70€. The price has fallen in 6 of the last 10 days and is down by -0.07% 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 -32 thousand shares and in total, 270 thousand shares were bought and sold for approximately 191.73€ million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.11% during the next 3 months and, with a 90% probability hold a price between 608.67€ and 646.53€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MC.PA Signals & Forecast
There are mixed signals in the stock today. 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 720.14€ and 739.25€. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.368%. 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).
Support, Risk & Stop-loss for LVMH Moët Hennessy - Louis Vuitton, stock
LVMH Moët Hennessy - Louis Vuitton, finds support from accumulated volume at 707.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 11.60€ (1.65%) between high and low. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: 665.28€ (-6.25%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (MC.PA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect LVMH Moët Hennessy - Louis Vuitton, Société Européenne to open at 709.13€, and during the day (based on 14 day Average True Range), to move between 694.51€ and 724.69€, which gives a possible trading interval of +/-15.09€ (+/-2.13%) 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 4.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 711.40€ (0.25%) than the support at 707.00€ (0.37%), 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 Moët Hennessy - Louis Vuitton, Société Européenne stock A Buy?
LVMH Moët Hennessy - Louis Vuitton, holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.941 Hold/Accumulate Upgraded
Predicted Opening Price for LVMH Moët Hennessy - Louis Vuitton, Société Européenne of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 709.13€ ( 0.0658%) | 709.60€ |
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 | |
|---|---|---|
| R3 | 720.73 | 1.57% |
| R2 | 716.30 | 0.94% |
| R1 | 713.56 | 0.559% |
| Price | 709.60 | |
| S1 | 704.70 | -0.690% |
| S2 | 701.96 | -1.08% |
| S3 | 697.53 | -1.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 717.30 | 1.09% |
| R2 | 713.60 | 0.564% |
| R1 | 711.40 | 0.254% |
| Price | 709.60 | |
| S1 | 707.00 | -0.366% |
| S2 | 0 | - |
| S3 | 0 | - |
MC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | Apr 25, 2024 | 7.50€ | 0.96% |
| 2 | Dec 04, 2023 | Dec 04, 2023 | Dec 06, 2023 | 5.50€ | 0.765% |
| 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
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