Samsonite | SellPrice reached 2.5yr downtrend resistance. Technicals also showing negative divergence. Rally hitting key fib retracement levels. RSI could fall back down into bear-range.
Fundamentally, I've being bearish on Samsonite ever since they (over) paid Tumi back in 2016. Luggage is a commoditised product.
1.06 USD
345.09 M USD
3.58 B USD
About Samsonite Group S.A.
Sector
Industry
CEO
Kyle Francis Gendreau
Website
Headquarters
Mansfield
Founded
2011
ISIN
US79604U1079
FIGI
BBG003LP4GS4
Samsonite Group SA engages in the design, manufacture, sourcing, and distribution of lifestyle bags. Its products include luggage, business and computer bags, outdoor and casual bags, travel accessories, and slim protective cases for personal electronic devices. It operates through the following geographical segments: North America, Asia, Europe, Latin America, and Corporate. The North America segment covers operations in the United States of America and Canada. The Asia segment refers to India and the Middle East, China, Singapore, South Korea, Taiwan, Malaysia, Japan, Hong Kong, Thailand, Indonesia, Philippines, Australia, and certain other Asian markets. The Europe segment represents European countries and the South Africa operations. The Latin America segment includes Chile, Mexico, Argentina, Brazil, Colombia, Panama, Peru, and Uruguay. The Corporate segment refers to certain licensing activities from brand names. The company was founded by Jesse Shwayder in 1910 and is headquartered in Mansfield, MA.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
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Neutral
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Summary
Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.