Kering Shares Drop 3.65% and Test 200-Day Moving Average Ahead of Revenue Announcement

Current Market Position

Kering is currently priced at 266.35 euros at the start of the session, down by 3.65% from last Friday's close of 276.45 euros. This decrease occurs as the CAC 40 itself loses nearly 1% during the session, in a context marked by the announcement of a U.S. naval blockade against Iran and a surge in Brent crude above 100 dollars per barrel. Luxury stocks are among the hardest hit: LVMH is down 1.89% and L'Oréal has fallen by 0.99%. Over three months, the stock has declined by 15.24%, although its annual performance remains positive at +58.52%. The group's financial calendar is drawing attention: the revenue for the first quarter is scheduled to be released on April 14, followed by the general assembly on May 28. This imminent deadline reinforces the caution surrounding the stock at the beginning of this week.

Technical Analysis

Technically, Kering's share price is exactly at its 200-day moving average (266.40 euros), a level often considered as a fundamental trend indicator. A sustained move below this level could signal weakness. The 50-day moving average is slightly lower, at 263.94 euros, forming a nearby technical support. The Relative Strength Index (RSI) is at 62, indicating a still bullish momentum but decelerating compared to previous weeks. Within the Bollinger Bands, the stock is trading in the upper part of the channel (74%), between an upper bound at 279.17 euros and a lower bound at 229.52 euros. The next significant support is at 232.60 euros, while the nearest resistance is identified at 288.75 euros.