The Luxury

Million

Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Mulberry Price increased by 7.32% over the past seven days.</a> </li> 
 <li> <span>2</span> <a>Mulberry Group Plc (LSE: MUL) stock’s 52-week price range is UK£1.90 – UK£3.14.</a> </li> 
</ul> 
<p>The Luxury industry and Mulberry Group have both seen their earnings increase each year by an average of 30.5%. However, as Simplywall, a financial website that offers analysis and insights, reports, Mulberry Group Stock’s revenues have been dropping by 3.2% yearly on average. The company has a return on equity of 24.4% and a net margin of 8.3%.</p> 
<p>The MULbt-to-equity ratio of Mulberry Group Stock is 24.7%, with a total shareholder equity of £46.8 Million and a total Debt of £11.6 Million. Simplywall shows that the Mulberry Group has total assets of £159.3 Million and total liabilities of £112.5 Million. Its interest coverage ratio is 1.3, with an EBIT of £5.2 Million. It also has £6.9 Million in cash and short-term investments.</p> 
<p>The market capitalization of MUL stock is £151.727 Million and the total revenue is £159.13 Million. Moreover, the stock’s basic EPS is £0.22 and the price-to-earnings ratio is 12. The current volume is below average volume.</p> 
<p>Moreover, the MUL share price has done well this month, increasing by 0.12% but it has surged by 6.46% in the last six months. Mulberry Group Plc (LSE: MUL) stock has a positive year-to-date return of 9.74% and a negative 1-year return of 11.35%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-mulberry-price-in-1-d-time-frame-strong"><strong>Technical Analysis of Mulberry Price in 1-D Time Frame</strong></h2> 
<p>The price action shows that Mulberry Group Plc ( LSE: MUL) stock has been performing poorly for the last two years, as it lacks proper momentum in price. The buyers seem inactive and pessimistic, as the stock is constantly downgrading.&nbsp;</p> 
<p>The MUL Stock has been range bound between UK£2-UK£3 for the last two years and is trading near UK£2.52 at the time of writing.&nbsp;</p> 
<p>However, since May 2023, the buyers have shown interest as MUL Stock Price took support from the major support level at UK£1.99 and has been following a trendline, making higher highs and higher lows. If the volume and buyers support the MUL Stock, then it may become optimistic and break above the resistance levels of UK£2.80 and UK£3.02.&nbsp;</p> 
<p>Alternatively, if the MUL Stock fails to attract enough buyer volume, then it may fall and reach the nearest support levels of UK£2.28-UK£1.99.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/Qg6Z2CGS3YJ4k2N8rtPx6bPOPpIxUr1xxXhJhtkFVrZDB6-1jpVXwMvqaCCH5c_YSBy86gPvOBBCEIo2LVMFjsQvnMrXE0rQV6MienKKp_vSDW-x6uvYFxjK-LNHCZcjtdppx1G563CLA3DgdB-URJQ" alt="Mulberry Price Prediction: Can MUL Stock Price Jump £3 Soon?"> 
  <figcaption class="wp-element-caption">
    Source: MUL.1D.LSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, Mulberry Group Plc. is trading above the 20, 50, 100, and 200-day EMAs (exponential moving average), which is supporting the Mulberry stock price trend. Hence, Mulberry Price is expected to move upwards giving bullish signals over the daily time frame chart.<br></p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/CPQRMcM_dAruCjs0l7FKhlxcf15wgb-OqSajlqIL1z_W8hsIeTXJhzIV7jM7D4hhOYNxWLN_6ERSsFwAdGKFmFKHj1I8CW61gp1GHMQeytTYg3hDz0HizFXZexj_GirpYHxWgbbrEwjLbq5DT2CFRBE" alt="Mulberry Price Prediction: Can MUL Stock Price Jump £3 Soon?"> 
  <figcaption class="wp-element-caption">
    Source: MUL.1D.LSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The current value of RSI is 54.74 points. The 14 SMA is near the median line at 49.12 points which indicates that the price is bullish as the RSI is in bullish territory.</p> 
<p>The MACD line at 0.0061 and signal line at 0.0033 are above the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the <a href="https://www.thecoinrepublic.com/2023/01/31/adobe-stock-to-rise-climbing-backs-of-intercessor-industries/" target="_blank" rel="noopener noreferrer nofollow">MUL stock price.</a></p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>Mulberry Group Plc. (LSE: MUL) shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical parameters of the MUL stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue in MUL share price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> The nearest support levels are UK£2.28-UK£1.99.</li> 
 <li><strong>Resistance levels:</strong> The nearest resistance levels are UK£2.80 and UK£3.02.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Mulberry Price Prediction: Can MUL Stock Price Jump £3 Soon?

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