Accor Shares Bounce Back 2.59% Midday After De-escalation with Iran
Accor's stock significantly advanced this Monday at midday, following the rebound of the CAC 40 after the announcement of a de-escalation between Washington and Tehran. The stock is trading around 40.76 euros, up 2.59% from Friday's close. This rebound occurs in a technically deteriorated context for the hotel group, whose stock has lost more than 15% in three months.
Market Reversal Boosts Accor Shares
This Monday, Accor's stock benefits from the sharp turnaround observed in the European markets. After a morning under pressure, due to tensions around the Strait of Hormuz and the threat of American strikes against Iran, the CAC 40 suddenly reversed its course. The Parisian index, which was down more than 2% in the morning, now shows an increase of 0.61% during the session, at 7,712.03 points. The SBF 120 progresses in the same proportions (+0.63%).
The announcement of 'very successful' discussions between Donald Trump and Tehran, accompanied by the postponement of military operations, triggered this sudden change in trend across the board. The tourism and hospitality sector, particularly sensitive to geopolitical risks that could disrupt international travel flows, logically benefited from this return to calm. Among comparable values, Sodexo gains 1.35% in session, while Getlink advances more modestly by 0.15%.
Despite Today's Rebound, Accor's Chart Remains Fragile
Despite today's rebound, Accor's chart situation remains fragile. The price of 40.76 euros is still far from the 50-day moving average, which is at 46.02 euros, indicating a still pronounced medium-term downward trend. The stock is also trading close to its support threshold identified at 39.50 euros, a level tested during the recent trough and which constitutes a technical floor to watch.
The Relative Strength Index (RSI), at 33, is approaching the oversold zone generally set below 30, signaling an excess of selling pressure in recent weeks. This technical level, combined with a quarterly performance of -15.31% and annual performance of -7.13%, illustrates the extent of the correction suffered by the stock since the beginning of the year. The major resistance lies much higher, at 49.78 euros, a gap that highlights the remaining path for a potential return to the levels at the beginning of the year.
