Kering, week 5: buy signal cooling off
Kering rises 1.5% but the buy signal loses steam in week 5
Kering, week 5: buy signal cooling off
Our view last week
Kering weekly technical analysis: the stock closed the week unchanged (+0%), but underneath, price bounced 8% off a double bottom in the 240 area — a sign the level is holding, even with volume still contracted. The buy signal, now in its 4th week, is fading: strength drops to 64 out of 100, and the trade remains down 7.4%. Kering ranks 14th among the 60 European buys still open.
This week's summary
The 8% bounce off the double bottom in the 240 area is holding: this week Kering shares add another 1.5%, with price boxed between the 20-day and 50-week averages, just above. Daily money flow stays slightly negative, but buyers still dominate 62% of volume. The buy signal is losing its edge — strength drops to 64 out of 100 — while earnings on July 29 draw closer.
IQS Phase
36
ordinary
Signal Strength
64
medium
Sizing
STANDARD
Ranking
#15 / 61
EU-UK stocks in progress
Trade P&L %
-5.98%
from signal to today
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