KERING - 1H - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 413.05 EUR
My targets
430.05 EUR (+1.59%)
433.68 EUR (+2.45%)
My analysis
The basic trend is bullish on KERING and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 413.05 EUR. Sellers would then use the next support located at 405.22 EUR as an objective. Crossing it would then enable sellers to target 377.31 EUR. If there is a return to above the resistance located at 430.05 EUR, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 433.68 EUR and 438.50 EUR by extension.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
KERING rating 423.30 EUR. The price is lower by -0.04% since the last closing with the lowest point at 420.55 EUR and the highest point at 424.55 EUR. The deviation from the price is +0.65% for the low point and -0.29% for the high point.420.55
424.55
423.30
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of KERING indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 405.22 | 413.05 | 421.23 | 423.30 | 424.67 | 430.05 | 433.68 |
| Change (%) | -4.27% | -2.42% | -0.49% | - | +0.32% | +1.59% | +2.45% |
| Change | -18.08 | -10.25 | -2.07 | - | +1.37 | +6.75 | +10.38 |
| Level | Major | Minor | Major | - | Minor | 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 | 409.95 | 414.15 | 418.80 | 423.00 | 427.65 | 431.85 | 436.50 |
| Camarilla | 421.02 | 421.83 | 422.64 | 423.45 | 424.26 | 425.07 | 425.88 |
| Woodie | 410.18 | 414.26 | 419.03 | 423.11 | 427.88 | 431.96 | 436.73 |
| Fibonacci | 414.15 | 417.53 | 419.62 | 423.00 | 426.38 | 428.47 | 431.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 386.22 | 399.18 | 412.67 | 425.63 | 439.12 | 452.08 | 465.57 |
| Camarilla | 418.88 | 421.30 | 423.73 | 426.15 | 428.58 | 431.00 | 433.42 |
| Woodie | 386.48 | 399.31 | 412.93 | 425.76 | 439.38 | 452.21 | 465.83 |
| Fibonacci | 399.18 | 409.29 | 415.53 | 425.63 | 435.74 | 441.98 | 452.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 326.02 | 351.18 | 388.12 | 413.28 | 450.22 | 475.38 | 512.32 |
| Camarilla | 407.97 | 413.67 | 419.36 | 425.05 | 430.74 | 436.44 | 442.13 |
| Woodie | 331.90 | 354.13 | 394.00 | 416.23 | 456.10 | 478.33 | 518.20 |
| Fibonacci | 351.18 | 374.91 | 389.56 | 413.28 | 437.01 | 451.66 | 475.38 |
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): | 49.55 | |
| MACD (12,26,9): | -0.7300 | |
| Directional Movement: | -4.26 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 423.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 427.35 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 431.09 | |
| Zig ZAG (10): | 424.40 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 53.77 | |
| TEMA (21): | 422.07 | |
| Williams %R (14): | -32.20 | |
| Chande Momentum Oscillator (20): | 1.75 | |
| Repulse (5,40,3): | 0.5700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.29 |
| MA7: | 424.30 | |
| MA20: | 423.15 | |
| MA50: | 400.17 | |
| MA100: | 397.25 | |
| MAexp7: | 423.37 | |
| MAexp20: | 424.03 | |
| MAexp50: | 423.72 | |
| MAexp100: | 422.35 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | +5.78% | |
| Price / MA100: | +6.56% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | +0.22% |
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: Monthly statement on the total number of shares and voting rights (March 2024)
- Appointments to Kering's Board of Directors
- Kering: Dual-tranche bond issue for a total amount of EUR 1.75 billion
- Kering: Monthly statement on the total number of shares and voting rights (February 2024)
- Kering: Monthly statement on the total number of shares and voting rights (January 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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