KERING - 1H - Technical analysis published on 05/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 325.82 EUR
My targets
343.61 EUR (+3.37%)
349.78 EUR (+5.23%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on KERING. As long as you are above the support located at 325.82 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 343.61 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 349.78 EUR as an objective. Crossing it would then enable buyers to target 357.33 EUR. If the support 325.82 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KERING rating is 332.40 EUR. On the day, this instrument lost -0.02% and was between 330.80 EUR and 333.15 EUR. This implies that the price is at +0.48% from its lowest and at -0.23% from its highest.330.80
333.15
332.40
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this KERING chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 319.09 | 325.82 | 331.56 | 332.40 | 343.61 | 349.78 | 357.33 |
| Change (%) | -4.00% | -1.98% | -0.25% | - | +3.37% | +5.23% | +7.50% |
| Change | -13.31 | -6.58 | -0.84 | - | +11.21 | +17.38 | +24.93 |
| Level | Intermediate | Major | Major | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 322.07 | 326.88 | 329.67 | 334.48 | 337.27 | 342.08 | 344.87 |
| Camarilla | 330.36 | 331.06 | 331.75 | 332.45 | 333.15 | 333.84 | 334.54 |
| Woodie | 321.05 | 326.38 | 328.65 | 333.98 | 336.25 | 341.58 | 343.85 |
| Fibonacci | 326.88 | 329.79 | 331.58 | 334.48 | 337.39 | 339.18 | 342.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 312.73 | 319.42 | 325.93 | 332.62 | 339.13 | 345.82 | 352.33 |
| Camarilla | 328.82 | 330.03 | 331.24 | 332.45 | 333.66 | 334.87 | 336.08 |
| Woodie | 312.65 | 319.38 | 325.85 | 332.58 | 339.05 | 345.78 | 352.25 |
| Fibonacci | 319.42 | 324.46 | 327.57 | 332.62 | 337.66 | 340.77 | 345.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 244.85 | 275.56 | 298.03 | 328.74 | 351.21 | 381.92 | 404.39 |
| Camarilla | 305.88 | 310.75 | 315.63 | 320.50 | 325.38 | 330.25 | 335.13 |
| Woodie | 240.73 | 273.50 | 293.91 | 326.68 | 347.09 | 379.86 | 400.27 |
| Fibonacci | 275.56 | 295.88 | 308.43 | 328.74 | 349.06 | 361.61 | 381.92 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.76 | |
| MACD (12,26,9): | 0.4100 | |
| Directional Movement: | 3.49 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 333.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 337.61 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 330.91 | |
| Zig ZAG (10): | 332.65 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 16.81 | |
| TEMA (21): | 332.72 | |
| Williams %R (14): | -72.52 | |
| Chande Momentum Oscillator (20): | -3.40 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.61 |
| MA7: | 330.64 | |
| MA20: | 329.26 | |
| MA50: | 358.99 | |
| MA100: | 369.62 | |
| MAexp7: | 332.44 | |
| MAexp20: | 332.51 | |
| MAexp50: | 331.11 | |
| MAexp100: | 330.58 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +0.95% | |
| Price / MA50: | -7.41% | |
| Price / MA100: | -10.07% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +0.55% |
Quotes :
-
15 min delayed data
-
Euronext Paris
News
The last news published on KERING at the time of the generation of this analysis was as follows:
- Kering: Description of the Share Buyback Program authorized by the Combined General Sharehoders' meeting
- Kering - Annual General Meeting of April 25, 2024 - Approval of all resolutions
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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