Kering share falls 3% and remains below its 20-day moving average ahead of Q3 Thursday
The luxury group owner of Gucci and Saint Laurent is posting a sharp decline mid-morning, as the CAC 40 index is also oriented downward.
A decline that brings the share closer to its support level at 206.55 €
Kering share loses 2.89% to 210.00 € during the session, among the steepest declines of the CAC 40, while the index falls 1.35%. The price is trading below its three moving averages: the gap is 2.49% with the 20-day moving average, at 215.36 €, and 17.17% with the 200-day moving average, at 253.52 €. The support level at 206.55 € is just over 1.6% below the current price, and the RSI at 36 remains below the neutral zone. Over one year, the share has lost nearly 35%, and the decline reaches 8.16% over one month.
Q3 revenue published today, following the group's comments on late summer
Kering publishes its third quarter 2026 revenue this Thursday. In early October, according to Option Finance, the group had confirmed a deterioration in luxury market conditions in late summer. When publishing H1 2026 results on July 28, the company reported a 5% comparable decline in Gucci revenue and a net income attributable to the Group down 60%, to 189 million euros.
It also indicated that it had reduced its net debt by 4.7 billion euros thanks to the sale of Kering Beauty. On the market side, tension on French debt (10-year OATs at 4.99% on October 21) accompanies a CAC 40 in decline. The Kering share will therefore be closely watched at publication, with the support level at 206.55 € remaining the nearest technical level.
