Kering: a positive but weak confirmation week
Kering stock: confirmation week closes +0.9%, but stays weak
Kering: a positive but weak confirmation week
Our view last week
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.
This week's summary
Kering's buy signal, which fired last week with a 17.3% surge, is holding: the confirmation week closes 0.9% higher, with the stock still above the Ichimoku cloud and MACD improving. One caveat weighs on the picture — the last bar's body is still weak — and our model reads the setup as technically fragile despite the positive close: caution on new entries, Kering stock remains one to watch with close technical analysis.
IQS Phase
51
ordinary
Signal Strength
83
high · wide & volatile
Sizing
FULL
Ranking
#10 / 73
EU-UK stocks in progress
Trade P&L %
+0.86%
from signal to date, no stop loss
Rank position
ranks 10th among the 73 Longs already running for European-UK stocks in our ranking, with a signal strength of 83 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXHG
Sector regimein strong phase
Performanceweekly +1.07% · monthly +4.75%
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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