KERING - Daily - Technical analysis published on 04/25/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 335.48 EUR
My targets
296.18 EUR (-9.12%)
242.52 EUR (-25.59%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on KERING as long as the price remains well below 335.48 EUR. The sellers' bearish objective is set at 296.18 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 242.52 EUR. In case of crossing, the next objective would be the support located at 110.97 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
KERING rating 325.90 EUR. The price registered a decrease of -0.08% on the session and was traded between 323.70 EUR and 330.40 EUR over the period. The price is currently at +0.68% from its lowest and -1.36% from its highest.323.70
330.40
325.90
Here is a more detailed summary of the historical variations registered by KERING:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of KERING indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 20.09 | 110.97 | 325.90 | 335.48 | 377.23 | 433.68 |
| Change (%) | -93.84% | -65.95% | - | +2.94% | +15.75% | +33.07% |
| Change | -305.81 | -214.93 | - | +9.58 | +51.33 | +107.78 |
| Level | Minor | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 301.42 | 308.38 | 317.27 | 324.23 | 333.12 | 340.08 | 348.97 |
| Camarilla | 321.79 | 323.24 | 324.70 | 326.15 | 327.60 | 329.06 | 330.51 |
| Woodie | 302.38 | 308.86 | 318.23 | 324.71 | 334.08 | 340.56 | 349.93 |
| Fibonacci | 308.38 | 314.44 | 318.18 | 324.23 | 330.29 | 334.03 | 340.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 305.48 | 319.87 | 329.48 | 343.87 | 353.48 | 367.87 | 377.48 |
| Camarilla | 332.50 | 334.70 | 336.90 | 339.10 | 341.30 | 343.50 | 345.70 |
| Woodie | 303.10 | 318.68 | 327.10 | 342.68 | 351.10 | 366.68 | 375.10 |
| Fibonacci | 319.87 | 329.04 | 334.70 | 343.87 | 353.04 | 358.70 | 367.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 242.52 | 296.18 | 331.27 | 384.93 | 420.02 | 473.68 | 508.77 |
| Camarilla | 341.94 | 350.08 | 358.22 | 366.35 | 374.49 | 382.62 | 390.76 |
| Woodie | 233.23 | 291.54 | 321.98 | 380.29 | 410.73 | 469.04 | 499.48 |
| Fibonacci | 296.18 | 330.09 | 351.03 | 384.93 | 418.84 | 439.78 | 473.68 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 25.89 | |
| MACD (12,26,9): | -14.9100 | |
| Directional Movement: | -29.22 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 333.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 353.90 | |
| Elder Ray (13): | -17.86 | |
| Super Trend (3,10): | 358.39 | |
| Zig ZAG (10): | 326.30 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 28.45 | |
| TEMA (21): | 327.76 | |
| Williams %R (14): | -79.57 | |
| Chande Momentum Oscillator (20): | -38.00 | |
| Repulse (5,40,3): | 1.9300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5700 | |
| Courbe Coppock: | 14.57 |
| MA7: | 338.48 | |
| MA20: | 352.53 | |
| MA50: | 389.25 | |
| MA100: | 387.69 | |
| MAexp7: | 337.73 | |
| MAexp20: | 352.81 | |
| MAexp50: | 373.19 | |
| MAexp100: | 388.78 | |
| Price / MA7: | -3.72% | |
| Price / MA20: | -7.55% | |
| Price / MA50: | -16.27% | |
| Price / MA100: | -15.94% | |
| Price / MAexp7: | -3.50% | |
| Price / MAexp20: | -7.63% | |
| Price / MAexp50: | -12.67% | |
| Price / MAexp100: | -16.17% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The latest news and videos published on KERING at the time of the analysis were as follows:
- Kering: Press release - First-quarter 2024 revenue
- Kering: Information regarding the arrangements for taking part in the Combined General Meeting of April 25, 2024 and conditions for obtaining or consulting the documents prepared for the meeting
- Kering : Acquisition of an iconic building via Monte Napoleone, in Milan
- Kering: Preliminary information regarding the first quarter
- Kering: Monthly statement on the total number of shares and voting rights (March 2024)
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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