Moncler stock declines in channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The Italian luxury fashion brand Moncler experienced a spectacular start of 2024, as consumers continued to buy luxury goods. However, the situation changed in late March, as the firm reported bad quarterly results. In the meantime, the environment had shifted, as high prices forced consumers to switch to other brands.

From a technical analysis perspective, the stock price has been declining in a channel down pattern. Meanwhile, the rate respects the daily simple moving averages and certain round price levels. For example, support and resistance has been found in the 62.00 EUR mark and the 58.50 EUR level.

In regards to the future, the price might be pushed down by the channel further, as its upper trend line is expected to be strengthened by the 50-day simple moving average. A potential further decline would have to pass the support of the 56.00 EUR level, before eventually reaching the 2024 low level at 50.30 EUR.

On the other hand, a recovery of the demand for the firm's goods could eventually result in a surge of the stock price and breaking of the channel. It is highly likely that round price levels and the moving averages will act as resistance. Most notably, take into account the mentioned 58.50 and 62.00 levels.
Back to articles

Actual Topics

Mon, 29 Jul 2024 16:07:58 GMT

NVDA stock reveals downtrend

From a fundamental perspective, tech companies have reported that they continue to experience increasing costs, but see no major increase in profits due to AI and other new developments. Meanwhile, there are signs that the US Federal Reserve might not cut interest rates in September. Both of these aspects are the cause of profit taking in the top stock

Wed, 26 Jun 2024 15:31:33 GMT

Italian stocks reveal pattern

The top 40 Italian stock index hit a high level at 35,525.00 on May 16. However, on that day the European Central Bank released the ECB Financial Stability Review. The future outlook for the Euro Zone and Italy caused a gap down of the stock index at the start of May 17 trading. Following this event, the index found

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.