- LO’real’s (FWB: LOR) stock price is showing massive bullish strength and the price is forming higher highs.
- LO’real’s stock price is currently trading at €415.2.
- Loreal (LOR)’s live market cap is €225.6 Billion.
LO’real stock (FWB: LOR) price,is rising steadily and going in a positive direction. The stock is currently trading at €412.76, a rise of around 5.43%.
In April 2023, the stock price of LO’real made a high of €442, after which, it declined by 10%. However, the stock found support at €400 and then recovered. Since then, the stock of L’oreal has recovered 7% of its losses.
At present, the LOR stock price is moving within a range of €400 to €430, suggesting a possible impending breakout in a positive direction. The overall structure and pattern of the stock indicate a strong positive momentum.
Through the data published by Simply Wallstreet, the one-year growth of LO’real (LOR), is 23.2% whereas the forecasted earning for the stock price was 8.06%. This indicates that the stock is performing well.
LO’real (LOR) Stock Price Analysis
If we look at the price chart below, we can see that the 20-day, 50-day, and 100-day EMA for LO’real stock is below the current price level. The combination of these EMA’s is a strong indication of the probability of a price increase in the future.
There is a green histogram on the MACD indicator, and both the MACD line and the signal line are above the zero line. This alignment suggests a high momentum, which may point to an upward market movement.
The Relative Strength Index (RSI) line of LO’real stock price is placed above the Simple Moving Average (SMA) line which indicates that the stock is facing a positive momentum and price is likely to rise in the future.
However, as observed in the chart, an increase in the volume on the chart can be seen. This increase in the volume of LO’real stock indicates that more buyers are entering into the market. This will possibly lead to an increase in the stock price of LOR.
Conclusion
The analysis reveals that the LO’real (FWB: LOR) stock price is exhibiting potential increasing momentum. The strong structure, with higher highs forming, indicates the strength of the stock. Additionally, there are indications of an uptrend, which raises the likelihood of an upward price movement.
Technical Levels
- Support – The current support level of LO’real (LOR) is €400.
- Resistance -The current resistance level of the LO’real (LOR) is €430.
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.