December 4 Chart of the Day - PVH
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
PVH Corp. (PVH), the global apparel company behind brands such as Calvin Klein and Tommy Hilfiger, is trading sharply lower today with price down more than 11 percent after earnings.
The move pushes PVH back into a familiar multi-year structure where traders will now determine whether this is another rotation inside the long-term range or the start of deeper weakness. The reaction to earnings puts the spotlight on key levels that have shaped the stock for more than a decade.
We'll review the chart from a price action perspective to identify potential levels of interest in both directions.
The charts highlight key levels where investors and traders alike will be watching closely.
Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.
When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.
Since May 2023, we've showcased over 650+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.
Monthly Chart
The monthly chart centers on one dominant feature: the long gray rectangle that has acted as a major change control zone for years.
Change control zones are one of the five price action tools we teach when charting anything. By definition, they are an area that represents where neither the bulls nor the bears are in charge. Price can slash through the zone with seemingly reckless abandon, price can respect the top or bottom from outside it or within it, or price can trade aimlessly sideways within it. When price breaks away from the zone it can often get drawn back to it like a magnet. And in this case we see all of the above are true.
PVH has moved through this zone in every possible behavior pattern and today’s 11 percent earnings-driven selloff brings price right back into the middle of the structure before abruptly falling once again. The upper boundary near $92.40 and the lower boundary near $84.53 continue to define the long-term battleground.
With plenty of volatility traders have had much to be happy with and long term buy and hold investors have been greatly disappointed.
This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.
Weekly Chart
The weekly chart reveals PVH trading inside a narrowing structure framed by a long-term descending trend line and rising support from the pandemic cycle low.
If price can reclaim $92.40, momentum may rotate back toward the long-term downtrend line. Losing $72.44 would refocus traders on the lower supports from the earlier cycles.
Right now all the necessary price action is happening at the mid $70s support cluster.
This is a classic compression pattern waiting for resolution and today’s earnings reaction injects fresh volatility into the setup.
It goes without saying though, the only guarantee in the markets is that price cycles. It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.
Only time will tell for sure what price will do next...
We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.
With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
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