LVMH Stock Climbs Over 2% Boosting the CAC 40, Driven by Luxury Sector
The global luxury leader significantly accelerates in mid-morning trading in Paris, within a nearly stable CAC 40. The stock ranks among the best performances of the flagship index, following a general rebound in the luxury sector. However, today's movement should be viewed in the context of a still deteriorating medium-term trend.
A 2% Rebound Propels LVMH to the Top of the CAC 40
LVMH stock gains 2.16% to €493.40 during the session, up from €482.95 the previous day. The stock is among the strongest risers in the CAC 40, which itself is up only 0.10% at 8,375.35 points. The Parisian luxury sector drives the session, with Kering leading (+3.03%) and Hermès (+2.19%) just ahead of LVMH. This sector rebound occurs as the stock had dropped below €500 on July 8, erasing its surge from the day before. Over a week, the stock is slightly down by 0.48%, and it has lost 3.37% over a month. The sectoral context remains tense. In China, jewelry/gold sales fell by 8.9% year-on-year in May (NBS data), and Swiss watch exports to the country decreased by 21.4%, while Chinese retail consumption dipped by 0.6%. An environment that weighs on the entire luxury sector, broadly exposed to the Chinese market.
Stock Price Reaches Back to the 20-Day Moving Average, Still Far from the 200-Day
Today's rebound brings the stock price back to its exact 20-day moving average (€492.20), with only a +0.24% difference. The stock remains above its 50-day moving average at €482.46 (+2.27%), but still 8.84% below its 200-day moving average (€541.26), indicating a still negative long-term trend. The RSI at 46 indicates a neutral configuration, consistent with a stock hesitating between stabilization and further decline. The identified support at €460.85 and resistance at €520.30 frame the current fluctuation zone. Over a year, the performance is barely positive at +2.89%, illustrating the sector's difficulty in regaining its pre-2024 momentum. The next concrete milestone for investors will be the group's semi-annual report, traditionally released at the end of July.
