Accor's Share Price Climbs Nearly 3% Targeting Resistance at €49.78
The hotel group follows the significant rebound of the Parisian market amid geopolitical easing. The stock continues the momentum started last week and confirms its aggressive technical setup.
The Stock Extends Its Rally and Ranks High in the CAC 40
Accor is priced at €48.80 mid-morning, up 2.98% from the last close of €47.39. The stock is among the top gainers in the CAC 40, which is up 1.12% at 8,444.35 points. The session comes in a context of geopolitical calming: the announcement of a framework agreement between Washington and Tehran on the gradual reopening of the Strait of Hormuz has caused Brent to drop about 3.5% to $84.29 a barrel, a favorable factor for the hotel and travel sector through the reduction of energy and fuel costs. The group thus continues another aggressive session after the 5.5% jump on Friday, June 12, which had broken through the €47 resistance.
A Solid Momentum That Takes the Stock Over 9% Above Its Moving Averages
In terms of performance, the stock shows a gain of 7.51% over the week and 20.49% over three months, indicating a well-established underlying movement. The price now clearly trades above its MM20 (€45.47, gap of +7.32%), MM50 (€44.43, +9.84%) and MM200 (€44.58, +9.47%), a configuration that confirms the bullish trend in the short and medium term. The RSI at 63 remains below the overbought zone, with no immediate exhaustion signal. The next technical threshold to watch is the resistance at €49.78, now within reach of the current price.
