LVMH - 1H - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 799.5 EUR
My targets
822.2 EUR (+1.08%)
850.4 EUR (+4.55%)
My analysis
LVMH is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 799.5 EUR. The next resistance located at 822.2 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 850.4 EUR. After this resistance, buyers could then target 888.0 EUR.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The LVMH price is 813.4 EUR. On the day, this instrument gained +4.04% with the lowest point at 794.9 EUR and the highest point at 816.3 EUR. The deviation from the price is +2.33% for the low point and -0.36% for the high point.794.9
816.3
813.4
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this LVMH chart shows a bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 770.8 | 781.6 | 799.5 | 813.4 | 822.2 | 850.4 | 888.0 |
| Change (%) | -5.24% | -3.91% | -1.71% | - | +1.08% | +4.55% | +9.17% |
| Change | -42.6 | -31.8 | -13.9 | - | +8.8 | +37.0 | +74.6 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 761.4 | 770.7 | 776.3 | 785.6 | 791.2 | 800.5 | 806.1 |
| Camarilla | 777.7 | 779.1 | 780.4 | 781.8 | 783.2 | 784.5 | 785.9 |
| Woodie | 759.5 | 769.8 | 774.4 | 784.7 | 789.3 | 799.6 | 804.2 |
| Fibonacci | 770.7 | 776.4 | 779.9 | 785.6 | 791.3 | 794.8 | 800.5 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 735.4 | 755.3 | 768.3 | 788.2 | 801.2 | 821.1 | 834.1 |
| Camarilla | 772.2 | 775.2 | 778.2 | 781.2 | 784.2 | 787.2 | 790.3 |
| Woodie | 731.9 | 753.6 | 764.8 | 786.5 | 797.7 | 819.4 | 830.6 |
| Fibonacci | 755.3 | 767.9 | 775.7 | 788.2 | 800.8 | 808.6 | 821.1 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 728.6 | 770.7 | 802.2 | 844.3 | 875.8 | 917.9 | 949.4 |
| Camarilla | 813.5 | 820.2 | 827.0 | 833.7 | 840.5 | 847.2 | 853.9 |
| Woodie | 723.3 | 768.1 | 796.9 | 841.7 | 870.5 | 915.3 | 944.1 |
| Fibonacci | 770.7 | 798.8 | 816.2 | 844.3 | 872.4 | 889.8 | 917.9 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.10 | |
| MACD (12,26,9): | 2.5000 | |
| Directional Movement: | 18.4 | |
| AROON (14): | 21.5 | |
| DEMA (21): | 797.0 | |
| Parabolic SAR (0,02-0,02-0,2): | 782.1 | |
| Elder Ray (13): | 15.8 | |
| Super Trend (3,10): | 788.6 | |
| Zig ZAG (10): | 813.9 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 89.80 | |
| TEMA (21): | 800.9 | |
| Williams %R (14): | -7.20 | |
| Chande Momentum Oscillator (20): | 18.9 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.70 |
| MA7: | 792.7 | |
| MA20: | 815.4 | |
| MA50: | 825.6 | |
| MA100: | 769.8 | |
| MAexp7: | 800.3 | |
| MAexp20: | 794.7 | |
| MAexp50: | 795.4 | |
| MAexp100: | 802.5 | |
| Price / MA7: | +2.61% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | -1.48% | |
| Price / MA100: | +5.66% | |
| Price / MAexp7: | +1.64% | |
| Price / MAexp20: | +2.35% | |
| Price / MAexp50: | +2.26% | |
| Price / MAexp100: | +1.36% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on LVMH at the time of the analysis were as follows:
- LVMH: AVAILABILITY OF THE 2023 UNIVERSAL REGISTRATION DOCUMENT
- MOËT & CHANDON INVITES THE PUBLIC TO EXPERIENCE AN EXCEPTIONAL MASTERPIECE IN ITS STORIED CELLARS
- MOËT & CHANDON INVITES THE PUBLIC TO EXPERIENCE AN EXCEPTIONAL MASTERPIECE IN ITS STORIED CELLARS
- Hennessy Advisors, Inc. Acquires the CCM Core Impact Equity Fund
- Hennessy Advisors, Inc. Reports 7% Increase in Quarterly Earnings Per Share and Announces Quarterly Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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