Coty Shares Climb 8.65% to €2.26, Breaking Technical Resistance
Coty shares surged by 8.65% to €2.26 at midday this Thursday, May 7, 2026, in a Parisian market otherwise trending downwards. The cosmetics group's stock has crossed its technical resistance at €2.16 and recorded a 10.78% increase over seven sessions. This movement contrasts with the CAC 40, which is down by 0.22% at the same time.
A Clear Technical Breakthrough Despite the CAC 40's Decline
Coty's stock marks its strongest progression in several weeks, with a price moving above the upper Bollinger band limit set at €2.19. This configuration indicates a marked bullish acceleration and a temporary overbought signal. The breakthrough of the €2.16 resistance, identified as a key technical threshold, mechanically opens a new trading zone for the stock. The RSI at 56 remains in neutral territory, leaving room before a characterized overheating signal. Today's rise pushes the stock above its 50-day moving average (€1.97), a level that had acted as a ceiling in recent weeks. However, the 200-day moving average at €2.92 is still distant, confirming that the medium-term trend remains poor. Over one year, the stock is still down by 50.72%.
A Rebound that Continues a Trend of Improvement
Today's progression extends a movement already underway. In mid-April, the stock had gained more than 5% against a declining CAC 40, in a similar context to today. The three-month performance is now at 3.79%, far from the lows touched at the beginning of the year. The stock's negative beta (-0.34) indicates a significant decorrelation with the Parisian market, which is evident this Thursday: while the SBF 120 is down by 0.24%, Coty continues its seventh session in the green. The next support to watch remains at €1.70, while the exit from the top of the Bollinger channel raises questions about the sustainability of the movement in the short term.
