LVMH Stock Slides to €448, Approaching Key Support at €444.95

LVMH Among the Biggest Declines in the CAC 40 in a Pressured Luxury Sector

LVMH stock ranks among the biggest declines in the CAC 40, alongside Saint-Gobain (-2.36%), Hermès (-2.25%), and Kering (-2.22%). The luxury sector is paying the price in a tense bond environment: the yield on the US 10-year Treasury has risen to 4.63%, a high since February 2025, while the Japanese 30-year JGB has hit a record around 4.20%. The sector context remains mixed. Jewelry/gold sales in China increased by 11.7% year-over-year in March 2026 according to the NBS, but total Chinese retail only gained 1.7%, and French exports of wines and spirits fell by 4.0% in value for the 2024 balance. The movement of the day extends a negative sequence for the stock, which has lost 5.23% over the week. The drop on May 11 to €455.70 had already erased the rebound that began in early May.

The Stock Falls Below All Its Moving Averages, Approaching the Support at €444.95

At €448.00, the price is 3.80% below its 20-day moving average (€465.69) and 17.36% under its 200-day moving average (€542.08). The stock is approaching the technical support identified at €444.95, a mere 0.7% difference during the session. The RSI at 43 remains neutral and does not yet indicate seller exhaustion. In terms of valuation, the stock is priced at approximately 19.9 times the expected earnings for the current fiscal year, compared to 14.3 times on average in the 'Consumer Discretionary' sector according to the consensus of 19 analysts updated on May 15, 2026. The expected growth in earnings per share from one fiscal year to the next is 15.3%. As a reminder, the general assembly on April 23 approved a dividend of €13.00 per share for 2025, with the balance being detached at the end of April. The next technical test is at the contact with the support at €444.95.