Signet Jewelers Limited (SIG) is a leading retailer of diamond jewelry, watches, and other luxury accessories. They operate various well-known brands, including Kay Jewelers, Zales, and Jared, catering to a wide range of customers seeking high-quality jewelry products.

Currently, the stock of Signet Jewelers is consolidating right beneath resistance. This indicates that the stock price has reached a significant level of resistance, where it has encountered selling pressure and struggled to move higher. The consolidation phase suggests a period of indecision in the market, with buyers and sellers closely monitoring the stock's price action.

Traders and investors should closely monitor the price movement and volume during this consolidation phase. A breakout above the resistance level may indicate a potential continuation of the upward trend, while a failure to break higher could result in a potential reversal or further consolidation.