Kering SA Stock Forecast
Stronger technical forecast for Kering SA stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Kering SA stock price gained 0.370% on the last trading day (Tuesday, 25th Jun 2024), rising from 323.95€ to 325.15€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.10% from a day low at 324.10€ to a day high of 330.90€. The price has risen in 6 of the last 10 days and is up by 1.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 596 more shares were traded than the day before. In total, 982 shares were bought and sold for approximately 319.30€ thousand.
Given the current short-term trend, the stock is expected to fall -13.34% during the next 3 months and, with a 90% probability hold a price between 256.74€ and 281.78€ 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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PPX.F Signals & Forecast
Mostly positive signals in the chart today. The Kering SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 315.75€ and 325.10€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 7.70%. 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). Kering SA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Kering SA stock
Kering SA finds support from accumulated volume at 316.65€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 6.80€ (2.10%) between high and low. For the last week, the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: 309.71€ (-4.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (PPX.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Kering SA to open at 326.72€, and during the day (based on 14 day Average True Range), to move between 319.20€ and 331.10€, which gives a possible trading interval of +/-5.95€ (+/-1.83%) up or down from last closing price. If Kering SA takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 326.15€ (0.31%) than the support at 316.65€ (2.61%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Kering SA stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.221 Buy Candidate Upgraded
Predicted Opening Price for Kering SA of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 326.72€ ( 0.482%) | 325.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPX.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 333.52 | 2.57% |
| R2 | 330.92 | 1.77% |
| R1 | 329.31 | 1.28% |
| Price | 325.15 | |
| S1 | 324.12 | -0.317% |
| S2 | 322.51 | -0.81% |
| S3 | 319.92 | -1.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 367.35 | 12.98% |
| R2 | 365.20 | 12.32% |
| R1 | 326.15 | 0.308% |
| Price | 325.15 | |
| S1 | 316.65 | -2.61% |
| S2 | 304.05 | -6.49% |
| S3 | 301.90 | -7.15% |
PPX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | 9.50€ | 0% |
| 2 | Jan 15, 2024 | Jan 15, 2024 | May 06, 2024 | 4.50€ | 0% |
| 3 | May 02, 2023 | May 02, 2023 | May 02, 2023 | 9.50€ | 0% |
| 4 | Jan 16, 2023 | Jan 16, 2023 | Jan 16, 2023 | 4.50€ | 0% |
| 5 | May 03, 2022 | May 03, 2022 | May 03, 2022 | 8.50€ | 0% |
FAQ
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