Sep. 10 at 2:26 PM
The Luxury sector has been on the move lately, with mixed signals across some of the biggest European names:
👔
$MC (LVMH) – Pulled back after testing €525 resistance. Currently sitting at €488, just under EMA(10)/SMA(20). Neutral RSI (~49) suggests consoidation. Support to watch: €481 / €463.
👞
$RMS (Hermès) – Holding strong near highs. RSI elevated, momentum intact, but watch for potential overbought conditions. Support at €2,350, resistance near €2,450.
👜
$KER (Kering) – Weaker relative strength, trading below long-term averages. Still struggling to reclaim momentum. Key support €340, resistance €370.
🍾
$CF (Richemont) – Trending steadily higher with controlled volatility. RSI mid-60s, showing healthy momentum. Resistance €155, support €147.
The sector is split:
$MC and
$KER are pausing for breath, while
$RMS and
$CF show stronger trends. A breakout in LVMH above €525 could reignite momentum across the group.
Which luxury stock do you think will lead the next leg up?