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LVMH
LVMH
- EUR (-)
- 15 min delayed data - Italy Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: 1MC
ISIN: FR0000121014

LVMH - 1H - Technical analysis published on 05/23/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 868.2 EUR
My targets
827.7 EUR (-2.78%)
774.4 EUR (-9.04%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on LVMH as long as the price remains well below 868.2 EUR. The sellers' bearish objective is set at 827.7 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 774.4 EUR. In case of crossing, the next objective would be the support located at 757.8 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

paf333
This analysis was given by paf333. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

The LVMH price is 851.4 EUR. The price is lower by -3.01% since the last closing with the lowest point at 850.3 EUR and the highest point at 873.2 EUR. The deviation from the price is +0.13% for the low point and -2.50% for the high point.

850.3
873.2
851.4

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by LVMH:
The Central Records scanner for higher/lower results shows an item:

Central Records

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this LVMH chart shows a sharp bearish trend. 89.29% 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 is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour


Bullish doji star

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 711.2 757.8 827.7 851.4 868.2 875.1 887.0
Change (%) -16.47% -10.99% -2.78% - +1.97% +2.78% +4.18%
Change -140.2 -93.6 -23.7 - +16.8 +23.7 +35.6
Level Minor Major Major - Major Minor 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
Standard871.7874.6876.2879.1880.7883.6885.2
Camarilla876.6877.0877.4877.8878.2878.6879.0
Woodie871.1874.3875.6878.8880.1883.3884.6
Fibonacci874.6876.3877.4879.1880.8881.9883.6


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard841.1854.5866.0879.4890.9904.3915.8
Camarilla870.7872.9875.2877.5879.8882.1884.4
Woodie840.2854.0865.1878.9890.0903.8914.9
Fibonacci854.5864.0869.9879.4888.9894.8904.3


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard592.9677.7774.4859.2955.91,040.71,137.4
Camarilla821.2837.8854.5871.1887.7904.4921.0
Woodie598.9680.7780.4862.2961.91,043.71,143.4
Fibonacci677.7747.0789.9859.2928.5971.41,040.7

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 29.70
MACD (12,26,9): -2.0000
Directional Movement: -37.0
AROON (14): -64.3
DEMA (21): 873.6
Parabolic SAR (0,02-0,02-0,2): 882.4
Elder Ray (13): -15.6
Super Trend (3,10): 871.0
Zig ZAG (10): 860.3
VORTEX (21): 0.8000
Stochastique (14,3,5): 15.70
TEMA (21): 872.0
Williams %R (14): -87.10
Chande Momentum Oscillator (20): -16.3
Repulse (5,40,3): -0.9000
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 1.20
MA7: 875.2
MA20: 877.7
MA50: 853.3
MA100: 821.7
MAexp7: 871.3
MAexp20: 875.6
MAexp50: 877.3
MAexp100: 878.2
Price / MA7: -2.72%
Price / MA20: -3.00%
Price / MA50: -0.22%
Price / MA100: +3.61%
Price / MAexp7: -2.28%
Price / MAexp20: -2.76%
Price / MAexp50: -2.95%
Price / MAexp100: -3.05%

Quotes : - 15 min delayed data - Italy Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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