Pernod Ricard Stock Breaks Its Support at €68.48 and Falls 20% in One Month
In this Monday's session on March 16, Pernod Ricard's stock shows two concurrent technical signals: a break of key support and a monthly change exceeding the alert threshold. These two factors reinforce each other, creating a persistent selling pressure on the stock.
Technical Breakdown and Monthly Decline
Pernod Ricard's stock fell by 1.66% during the session to €67.38, after closing at €68.52 on Friday. The stock thus broke below the support level at €68.48, a threshold that had previously contained recent declines—the price on March 12 was exactly at this level. This technical break is part of a broader movement: over the past month, the stock has declined by more than 20%, exceeding the statistical anomaly threshold used for signal detection. Both indicators point in the same direction and feed into each other: the break of support validates the monthly slide, while the extent of this slide illustrates the structural pressure weighing on the stock. Over seven days, the decline reaches 8.15%, and over a year, the loss exceeds 29%.
Indicators Confirm Negative Momentum
The RSI stands at 18, in a marked oversold territory, while the stock price is significantly below its two reference moving averages: the MM50 is at €76.81 and the MM200 at €84.83, representing respective gaps of more than €9 and €17 from the current price. The gap in the MACD (-2.54 / -1.36) confirms the negative dynamic. Additionally, the VIX closed at 27.29 points on March 12, up 12.63% from the previous session, indicating increased tension in the equity markets. In this context, the CAC 40 slightly declined by 0.08% during the session. The next important date for Pernod Ricard is set for April 16, 2026, when the company will publish its third-quarter 2025-2026 revenue.
