LVMH bounces 1.1%, but the picture stays fragile
LVMH bounces 1.1% off a double bottom, but the ADX is losing conviction
LVMH bounces 1.1%, but the picture stays fragile
Our view last week
LVMH shares slip 1.2% this week: after last week's confirmation-week call to exit, the focus shifts to the levels. The stock stays boxed under a wall of resistance, following a 17% bounce off a double bottom in the 466 area. The weekly technical picture shows fading conviction — ADX turning down, MACD deteriorating — while sellers edge back in control on the short-term charts. The Buy signal is in its 4th week, running a modest loss.
This week's summary
LVMH shares bounce 1.1% this week, climbing off a clean double bottom in the 471 area with a 14% intermediate rebound. It looks like an early stabilization, but our weekly technical analysis stays cautious: the ADX is falling, volumes are contracting and buyer dominance is fading. The buy signal is in its 5th week, running a modest loss, with price boxed between two closely spaced moving averages.
IQS Phase
44
ordinary
Signal Strength
32
medium · weak
Sizing
REDUCED
Ranking
#58 / 61
EU-UK stocks in progress
Trade P&L %
-3.04%
from signal to today
restricted Platinum content