Accor's Stock Rises Above Its 200-Day Moving Average at €44.59
The hotel group's stock increased by 1.27% to €44.59 on Thursday afternoon, as the CAC 40 rose by 0.8% to 8,071.65 points. Accor is among the top gainers in the Paris index, alongside Stellantis, STMicroelectronics, LVMH, Société Générale, and Renault.
A Technical Rebound Brings the Price Back to the 200-Day Moving Average
Accor's stock is performing above its short-term averages, with a gap of 2.11% from the MM20 (€43.67) and nearly 4% from the MM50 (€42.88). This session brings the stock back in contact with the MM200 at €44.46, a long-term trend marker barely surpassed (+0.29%). The RSI at 53 remains neutral and does not indicate any extension. Within the Bollinger Bands, the price is in the upper part (66%), away from the upper limit at €46.55, which corresponds to the identified resistance threshold at €46.43. The quarterly decline remains at 9.41%, and today's rebound only mitigates a fraction of it.
Against the Backdrop, Geopolitics in the Middle East
The regional context remains a point of attention. On Thursday, Iran's foreign minister accused the United Arab Emirates of being involved in the conflict with Tehran, which escalates tension in a key area for international hospitality. It's worth noting that during the first-quarter revenue announcement on April 29, the group had reported a 9% decline in RevPAR in the United Arab Emirates, linked to the conflict that started in late February. In terms of valuation, the stock is trading at about 20 times the expected earnings for the current fiscal year and 16.8 times those of the next, compared to 14.6 times for the average of the Consumer Discretionary sector, with an expected EPS growth of 19.1% from one year to the next. The next concrete appointment for shareholders: the detachment of the coupon on June 1st.
