Louis Vuitton is set to release quarter 3 earnings by COP today. Analysts forecasting revenue of ?18.73 billion.

Louis Vuitton is due to release its quarter 3 earnings today with analysts forecasting €18.73 billion in revenue. From a technical outlook, its shares are currently trading at €608.45 with a major support level sitting at €594.85 (lower orange trendline). A break below the major support could see its share price fall towards the Є585 price. Towards the upside, the first resistance level sits at €624.80. A break above this resistance level could see the stock climb towards the €652.50 resistance where it failed to break through several times (upper orange trendline). MACD is currently negative and RSI reads 38, overall suggesting a negative stance. However, if the earnings today are positive they may stimulate a short-term uptrend and vice-versa.