Kering stock rebounds nearly 4% over the week but remains below its moving averages
The Paris-based luxury group's shares show gains in trading this Thursday, benefiting from a favorable market context on European exchanges. The advance continues the rebound initiated the previous day, although the technical setup remains under pressure in the medium term.
A modest rebound in a rising CAC 40, but three moving averages still above
The Kering stock gains 1.28% to €241.05 in trading, in a CAC 40 that advances 0.65% as the close approaches, with the VIX retreating nearly 11% to 15.77, a sign of notable relief on volatility. Over the week, the gain reaches nearly 4%, which partly offsets the 10.24% decline recorded over one month. The momentum remains nevertheless constrained by the moving average configuration: the stock trades below the 20-day MA at €246.11, the 50-day MA at €256.60 and the 200-day MA at €264.25, representing respective gaps of 2.06%, 6.06% and 8.78%.
The MACD, whose histogram returns slightly into positive territory at 0.20, suggests an initial reduction in downward pressure, without however signaling a reversal. The RSI at 41 remains in neutral territory, far from any overbought signal. The support identified at €232.25 is holding for now, after the stock had broken through this level in early September before recovering.
Half-year results under pressure and a Comex appointment to strengthen governance
The session comes after the appointment of Sophie Maddaloni as Secretary General of the group, announced on September 15, which joins the Executive Committee with responsibility for governance, compliance and several control functions. This organizational development occurs in a difficult fundamental context: upon publication of first-half 2026 results on July 29, the group reported a net profit attributable to the group down 60% to €189 million, against the backdrop of a 5% decline in comparable Gucci revenue. In contrast, Kering Jewelry had advanced 20% on a comparable basis, with operating margins up 2.7 points, and net debt had been reduced by €4.7 billion through the sale of Kering Beauty.
The group had also announced an exclusive Gucci-L'Oréal beauty license agreement for 50 years starting mid-2027. Based on expected earnings, the stock trades at approximately 24.2 times the earnings of the following fiscal year according to the consensus of surveyed analysts. The stock will need to break through its 20-day MA at €246.11 to confirm a more solid technical recovery.
