Kering Share: Support at 209.25 € broken, RSI flirting with oversold territory
The luxury group owning Gucci and Saint Laurent is losing ground again in mid-morning trading, in a Paris market also oriented downward. The stock ranks among the steepest declines in the index and remains clearly below all its moving averages.
A support breached during the session and a stock far from its moving averages
The Kering share is falling 2.12% to 207.50 € during the session, compared to 212 € the previous day, while the CAC 40 is down 0.81%. The stock has broken through its support at 209.25 € and remains below it, extending a decline of 14.04% over one month. It is trading 8.42% below its MA20, while its MA200 is 19.76% above the price.
The RSI at 30 signals a configuration close to oversold territory. In the index, the value ranks among the steepest declines of the CAC 40.
A semester in decline and management comments on late summer performance
When publishing the first half of 2026, on July 29, Gucci's revenue had declined 5% on a comparable basis and the group's net income fell 60% to 189 million euros. The group also reduced its net debt by 4.7 billion euros through the sale of Kering Beauty. On October 2, optionfinance.fr reported that Kering confirmed a difficult late summer for luxury, which concerns the third quarter of 2026. In a sector where Chinese activity remains weak, with jewelry and gold sales down 17.5% year-over-year in August according to the National Bureau of Statistics, the next observable resistance level is the MA20, at 226.57 €.
