LVMH - Daily - Technical analysis published on 07/11/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 725.8 EUR
My targets
671.6 EUR (-5.19%)
641.3 EUR (-9.47%)
My analysis
The bearish trend is currently very strong for LVMH. As long as the price remains below the resistance at 725.8 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 671.6 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 641.3 EUR as an objective. Crossing it would then enable sellers to target 584.9 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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Additional analysis
Quotes
LVMH rating 708.4 EUR. The price registered an increase of +1.55% on the session and was traded between 702.0 EUR and 710.3 EUR over the period. The price is currently at +0.91% from its lowest and -0.27% from its highest.702.0
710.3
708.4
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of LVMH indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 641.3 | 671.6 | 707.3 | 708.4 | 725.8 | 791.9 | 879.6 |
| Change (%) | -9.47% | -5.19% | -0.16% | - | +2.46% | +11.79% | +24.17% |
| Change | -67.1 | -36.8 | -1.1 | - | +17.4 | +83.5 | +171.2 |
| Level | Major | Minor | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 673.9 | 679.7 | 688.6 | 694.4 | 703.3 | 709.1 | 718.0 |
| Camarilla | 693.6 | 694.9 | 696.3 | 697.6 | 699.0 | 700.3 | 701.6 |
| Woodie | 675.6 | 680.5 | 690.3 | 695.2 | 705.0 | 709.9 | 719.7 |
| Fibonacci | 679.7 | 685.3 | 688.8 | 694.4 | 700.0 | 703.5 | 709.1 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 672.9 | 688.0 | 702.2 | 717.3 | 731.5 | 746.6 | 760.8 |
| Camarilla | 708.3 | 711.0 | 713.7 | 716.4 | 719.1 | 721.8 | 724.5 |
| Woodie | 672.5 | 687.8 | 701.8 | 717.1 | 731.1 | 746.4 | 760.4 |
| Fibonacci | 688.0 | 699.2 | 706.1 | 717.3 | 728.5 | 735.4 | 746.6 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 620.6 | 660.8 | 687.2 | 727.4 | 753.8 | 794.0 | 820.4 |
| Camarilla | 695.3 | 701.4 | 707.5 | 713.6 | 719.7 | 725.8 | 731.9 |
| Woodie | 613.7 | 657.4 | 680.3 | 724.0 | 746.9 | 790.6 | 813.5 |
| Fibonacci | 660.8 | 686.2 | 702.0 | 727.4 | 752.8 | 768.6 | 794.0 |
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): | 43.50 | |
| MACD (12,26,9): | -11.4000 | |
| Directional Movement: | -4.6 | |
| AROON (14): | -71.5 | |
| DEMA (21): | 699.6 | |
| Parabolic SAR (0,02-0,02-0,2): | 717.9 | |
| Elder Ray (13): | -3.4 | |
| Super Trend (3,10): | 736.8 | |
| Zig ZAG (10): | 708.3 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 21.60 | |
| TEMA (21): | 699.8 | |
| Williams %R (14): | -59.00 | |
| Chande Momentum Oscillator (20): | -28.3 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 4.00 |
| MA7: | 705.8 | |
| MA20: | 712.8 | |
| MA50: | 742.1 | |
| MA100: | 778.7 | |
| MAexp7: | 704.9 | |
| MAexp20: | 715.1 | |
| MAexp50: | 736.6 | |
| MAexp100: | 751.8 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | -0.62% | |
| Price / MA50: | -4.54% | |
| Price / MA100: | -9.03% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | -0.94% | |
| Price / MAexp50: | -3.83% | |
| Price / MAexp100: | -5.77% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
Don't forget to follow the news on LVMH. At the time of publication of this analysis, the latest news was as follows:
- Hennessy Advisors, Inc. Reports 25% Increase in Quarterly Earnings Per Share and Announces Quarterly Dividend
- 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
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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