LVMH Stock Jumps 2.93% After Technical Rebound on Key Support
LVMH stock shows a sharp rebound at midday this Tuesday, March 10, climbing 2.93% to 512.30 euros after having closed the previous day at 497.70 euros. This surge occurs in a context of a generalized recovery of European markets, with the CAC 40 up 2.31% during the session. However, the luxury group remains significantly behind over three months and one year.
Current Trading Status
LVMH stock is trading at 512.30 euros midday, showing a noticeable rise from the previous day's close. Despite this uptick, the stock is on a medium-term downward trajectory: it has declined by 1.58% over seven days, 16.87% over three months, and 19.28% over a year. Technically, the stock is trading well below its 50-day moving average of 570.88 euros and its 200-day moving average of 542.23 euros, indicating a deteriorating underlying trend. The RSI stands at 37, suggesting that the stock remains close to the oversold zone without having breached it. Monday's close at 497.70 euros matched exactly the identified support threshold, giving today's rebound a technical character: the stock reacted upon touching this floor. European markets are accompanying this movement. The DAX is up 2.22% in session, while the FTSE 100 is up 1.67%. In Asia, the Nikkei 225 closed up 2.88% for the day and the Hang Seng gained 2.17%. However, the VIX, a volatility barometer, was recorded at 29.49 on its last reading on March 6, a level indicating high tension in the markets.
Recent Analyst Update
On the eve of the rebound, HSBC updated its analysis of the stock. The bank maintains its buy recommendation and has marginally raised its price target from 700 to 705 euros. This target level implies a revaluation potential of about 37.6% compared to the current price of 512.30 euros, highlighting a significant gap between market valuation and the British institution's estimate. Regarding the financial calendar, two key dates are approaching: the general assembly scheduled for April 23, 2026, followed by the detachment of the balance of the dividend for the fiscal year 2025 on April 30. These events will be the next focal points likely to draw market attention to the case.
