Kering stock: fresh buy signal, +17.3%
Kering stock jumps 17.3% as a fresh buy signal kicks in
Kering stock: fresh buy signal, +17.3%
Our view last week
Kering's weekly picture turns bearish: shares drop 4% as the MACD flips into a bearish cross and price slips under the Ichimoku cloud, just as earnings approach on July 29. On the daily chart a double bottom in the 237 area still holds, with a 9% bounce surviving last week - a floor that hasn't fully given way, even as sellers regain the upper hand in recent sessions.
This week's summary
Kering gained 17.3% over the past week and triggered a fresh buy signal, ranking second among the 12 fresh Longs in European-UK stocks. Kering shares are back above the Ichimoku cloud, with a bullish weekly MACD cross and positive daily money flow. One caveat: price action shows buyer dominance starting to fade -- signal strength stays high, but the confirmation week is still open. Technical analysis of a strong rebound.
IQS Phase
45
ordinary
Signal Strength
75
high · wide move
Sizing
FULL
Ranking
#2 / 12
New eu-uk stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 2nd among the 12 fresh Longs for European-UK stocks in our ranking, with a signal strength of 75 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXHG
Sector regimein strong phase
Performanceweekly +4.15% · monthly +3.15%
KER belongs to the european sector (reference ETF EXHG). The sector is classified in strong phase according to our weekly reading.
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