Kering SA Stock Forecast
Kering SA stock downgraded to Sell Candidate
(Updated on Apr 29, 2024)
The Kering SA stock price fell by -0.681% on the last day (Monday, 29th Apr 2024) from 337.95€ to 335.65€. During the last trading day the stock fluctuated 1.77% from a day low at 335.50€ to a day high of 341.45€. The price has been going up and down for this period, and there has been a -4.15% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -168 thousand shares and in total, 180 thousand shares were bought and sold for approximately 60.47€ million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.17% during the next 3 months and, with a 90% probability hold a price between 263.59€ and 306.20€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KER.PA Signals & Forecast
There are mixed signals in the stock today. The Kering SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 337.52€ and 369.63€. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 2.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kering SA stock
Kering SA finds support from accumulated volume at 327.30€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 5.95€ between high and low, or 1.77%. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KER.PA) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Kering SA to open at 337.53€, and during the day (based on 14 day Average True Range), to move between 324.92€ and 346.38€, which gives a possible trading interval of +/-10.73€ (+/-3.20%) up or down from last closing price. If Kering SA takes out the full calculated possible swing range there will be an estimated 6.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 327.30€ (2.49%) than the resistance at 375.20€ (11.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kering SA stock A Buy?
Kering SA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.196 Sell Candidate Downgraded
Predicted Opening Price for Kering SA of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| 337.53€ ( 0.561%) | 335.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KER.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 343.48 | 2.33 % | |
| R2 | 341.21 | 1.66 % | ||
| R1 | 339.81 | 1.24 % | ||
| Current price: | 335.65 | |||
| Support | S1 | 335.26 | -0.116 % | |
| S2 | 333.86 | -0.534 % | ||
| S3 | 331.58 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 413.10 | 23.07 % | |
| R2 | 409.40 | 21.97 % | ||
| R1 | 375.20 | 11.78 % | ||
| Current price | 335.65 | |||
| Support | S1 | 327.30 | -2.49% | |
| S2 | 326.15 | -2.83% | ||
| S3 | 0 | . |
KER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | 9.50€ | 2.83% |
| 2 | Jan 15, 2024 | Jan 15, 2024 | Jan 15, 2024 | 0€ | 0% |
| 3 | May 02, 2023 | May 02, 2023 | May 02, 2023 | 9.50€ | 1.69% |
| 4 | Jan 16, 2023 | Jan 16, 2023 | Jan 16, 2023 | 4.50€ | 0.80% |
| 5 | May 03, 2022 | May 03, 2022 | May 03, 2022 | 8.50€ | 1.73% |
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