LVMH Moët Hennessy - Louis Vuitton, Stock Forecast

LVMH Moët Hennessy - Louis Vuitton, stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 20, 2024)

MOH.F 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 785.69€ and 792.96€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.56%. 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 778.70€ 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 very controlled movements and therefore the general risk is considered very 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 7.10€ between high and low, or 0.91%. For the last week the stock has had daily average volatility of 1.26%

Our recommended stop-loss: 738.74€ (-5.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 44 days ago.)

Trading Expectations (MOH.F) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect LVMH Moët Hennessy - Louis Vuitton, Société Européenne to open at 780.80€, and during the day (based on 14 day Average True Range), to move between 766.20€ and 792.80€, which gives a possible trading interval of +/-13.30€ (+/-1.71%) 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 3.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 778.70€ (0.10%) than the resistance at 781.40€ (0.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: -0.416 Hold/Accumulate Upgraded

Predicted Opening Price for LVMH Moët Hennessy - Louis Vuitton, Société Européenne of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.