Signet Jewelers' 15min chart shows RSI Overbought, KDJ Death Cross signals.

Signet Jewelers' 15-minute chart has triggered both the Relative Strength Index (RSI) Overbought and the KDJ Death Cross at 10:15 on March 3, 2025. This suggests that the stock price has experienced a rapid increase, potentially exceeding its fundamental support, and is now exhibiting a downward momentum shift, with the potential for further price decreases.

Signet Jewelers Limited (SIG) has been a topic of interest for investors following its recent earnings report and subsequent stock performance. The company's 15-minute chart triggered both the Relative Strength Index (RSI) Overbought and the KDJ Death Cross at 10:15 on March 3, 2025 Signet (SIG) Up 8% Since Last Earnings Report: Can It Continue?^[1]. This suggests that the stock price has experienced a rapid increase, potentially exceeding its fundamental support, and is now exhibiting a downward momentum shift, with the potential for further price decreases.

Recent Earnings and Performance

Signet Jewelers reported strong second-quarter fiscal 2026 earnings, with adjusted earnings per share (EPS) of $1.61, surpassing the Zacks Consensus Estimate of $1.21. The company also saw a 28.8% increase in adjusted earnings from the year-ago period. Total sales reached $1,535.1 million, up 3% year over year, and same-store sales increased 2% Signet (SIG) Up 8% Since Last Earnings Report: Can It Continue?^[1].

Technical Indicators

The RSI Overbought condition indicates that the stock has been overvalued relative to its recent price history, suggesting a potential correction. The KDJ Death Cross, which involves the death of the K-line (short-term moving average) crossing below the J-line (long-term moving average), signals a bearish trend. This combination of technical indicators suggests that the stock's recent upward momentum may be waning Signet (SIG) Up 8% Since Last Earnings Report: Can It Continue?^[1].

Investor Sentiment

Investors have been optimistic about Signet Jewelers, with estimates trending upward in the past month. However, the Zacks Rank #4 (Sell) indicates a below-average return is expected for the stock in the next few months. The VGM Score, which considers growth, momentum, and value, is A, indicating a strong overall score Signet (SIG) Up 8% Since Last Earnings Report: Can It Continue?^[1].

Outlook

While the company's earnings report was positive, the recent technical indicators suggest a potential downward shift in the stock price. Investors should closely monitor the stock's performance and consider the implications of the RSI Overbought and KDJ Death Cross signals.

References

Signet (SIG) Up 8% Since Last Earnings Report: Can It Continue?^[1] https://www.nasdaq.com/articles/signet-sig-8-last-earnings-report-can-it-continue