What’s Next For L’Oreal Stock After A 6% Rise Last Month?

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L’Oreal Stock (OTCMKTS:LRLCY) is up nearly 6% in just one month (21 trading days), outperforming the S&P 500 which was up a little over 3%. If you look at the changes over the past five and ten days, the stock has given returns of -0.6% and 0.4%, which is roughly in line with the market on both occasions. L’Oreal reported Q3 ’21 sales of $9.01 billion, a 13% year-on-year increase from $7.93 billion in Q3 ’20. Sales in the first nine months of FY ’21 stood at $26.13 billion, up from $22.67 billion in the first nine months of FY ’20. L’Oreal has benefited from the fact that the demand for hair and skin care has kept up with its growth, while the demand for makeup and fragrances has grown with more frequent outings of people. The company expects this demand growth to continue, leading to strong full-year 2021 performance.

Now, is L’Oreal stock ready to continue its rally or can we expect a pullback? We believe that LRLCY stock has a decent 59% chance of growth in the next month (21 trading days) based on our Machine Learning analysis of stock price trends over the past ten years. View our analysis LRLCY stock growth potential, For details on L’Oreal’s revenue, visit L’Oreal Revenue: How does LRLCY make money?

Twenty One Days: LRLCY 5.8%, vs. S&P500 3.2%; best performing market

(16% chance event; 59% chance of increase in the next 21 days)

  • LRLCY Stock rose 5.8% Over the past twenty one trading days (one month), an increase of 3.2% compared to the broader market (S&P500)
  • A change of 5.8% or more in twenty one business days is a 16% probability event, having happened 406 times out of 2515 in the past 10 years.
  • Of these 406 examples, the stock has seen positive momentum over the next twenty-one trading days on 240 occasions.
  • it indicates a 59% chance of the stock rising in the next twenty one trading days

Day 10: LRLCY 0.4%, versus S&P500 -0.3%; best performing market

(59% chance event; 56% chance of increase in the next 10 days)

  • LRLCY Stock up marginally 0.4% In the last ten trading days (two weeks), 0.3% decline compared to the broader market (S&P500)
  • A change of 0.4% or more in ten trading days is a 59% probability event, having happened 1472 times out of 2516 in the past 10 years.
  • Out of these 1472 cases, the stock has seen positive momentum on 821 occasions in the next ten trading days
  • it indicates a 56% chance of the stock rising in the next ten trading days

Day Five: LRLCY-0.6%, versus S&P500 0.03%; underperforming market

(28% chance occurrence; 65% chance of increase over the next five days)

  • LRLCY Stock dropped a modest 0.6% In the five-day trading period ended 11/22/2021, only 0.03% increase compared to the broader market (S&P500)
  • A change of -0.6% or less in five business days (one week) is a 28% probability event, having happened 701 times out of 2516 in the past ten years.
  • Out of these 701 instances, the stock has seen positive momentum on 456 occasions over the next five trading days.
  • it indicates a 65% chance of the stock rising in the next five trading days

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