Stock Price Prediction for MC (LVMH’s Loewe)
News Impact Analysis:
- New Creative Directors: The appointment of Jack McCollough and Lazaro Hernandez as creative directors for Loewe, effective April 7, is expected to enhance the brand's image and potentially boost sales and investor confidence.
- Investor Shift: A shift in investor preference towards European stocks due to U.S. market overvaluation and political factors could positively impact MC's performance.
- Tariff Concerns: Potential tariffs on European wines may impact LVMH's subsidiaries, including Domaine Chandon, introducing some uncertainty.
Technical Indicators:
- Current Price: 63.27 (as of 2025-03-24).
- Fibonacci Levels:
- Pivot: 59.73
- Resistance Levels: 61.13, 62, 63.41
- Support Levels: 58.32, 57.45, 56.05
- Price Movement: The stock is trading above the pivot, indicating bullish momentum, with a recent price increase of 3.91% in the regular market.
Prediction:
The stock is expected to rise to 64.50 next week, targeting the upper resistance levels. However, approaching the first resistance level of 61.13 may present a selling opportunity to lock in profits.
Recommendation:
Sell at the resistance level of 61.13 to capitalize on the current upward trend.
Stock Price Prediction for MC (LVMH’s Loewe)
News Impact Analysis:
- New Creative Directors: The appointment of Jack McCollough and Lazaro Hernandez as creative directors for Loewe, effective April 7, is expected to enhance the brand's image and potentially boost sales and investor confidence.
- Investor Shift: A shift in investor preference towards European stocks due to U.S. market overvaluation and political factors could positively impact MC's performance.
- Tariff Concerns: Potential tariffs on European wines may impact LVMH's subsidiaries, including Domaine Chandon, introducing some uncertainty.
Technical Indicators:
- Current Price: 63.27 (as of 2025-03-24).
- Fibonacci Levels:
- Pivot: 59.73
- Resistance Levels: 61.13, 62, 63.41
- Support Levels: 58.32, 57.45, 56.05
- Price Movement: The stock is trading above the pivot, indicating bullish momentum, with a recent price increase of 3.91% in the regular market.
Prediction:
The stock is expected to rise to 64.50 next week, targeting the upper resistance levels. However, approaching the first resistance level of 61.13 may present a selling opportunity to lock in profits.
Recommendation:
Sell at the resistance level of 61.13 to capitalize on the current upward trend.