Hermès Shares Gain 2.1% but Remain 230 Euros Below Its Moving Average
Hermès shares saw a significant rise this Tuesday morning, driven by a bullish trend affecting the entire luxury sector listed in Paris. The leather goods company is trading at 1,702.50 euros during the session, up 2.1% from the last close at 1,667.50 euros. This improvement comes just days before the revenue report for the first quarter, scheduled for April 15.
Market Context and Technical Analysis
The rebound displayed this Tuesday by Hermès International is part of a more favorable market environment for the Paris stock exchange: the CAC 40 is up 1.33% during the session, at 8,068 points. The luxury sector benefits from this movement: LVMH is up 1.96% and L'Oréal is up 1.42%. Over the past seven days, Hermès shares have gained 4.96%, but the three-month outlook remains distinctly negative, with a decline of 20.52%. Over one year, the drop reaches 24.79%. From a technical standpoint, the Relative Strength Index (RSI) is at 32, close to the oversold threshold (30), indicating a stock under selling pressure in recent weeks. Moreover, the price is significantly below its 50-day moving average (1,940.86 euros), a gap of more than 230 euros illustrating the magnitude of the recent correction. The nearest technical support is at 1,609 euros, while the major resistance is positioned at 2,118 euros, a level far from the current price.
Upcoming Events and Shareholder Meeting
The upcoming schedule is busy for the house of Faubourg Saint-Honoré. On April 15, Hermès will publish its first quarter 2026 revenue, a closely watched indicator after several months of stock market decline. This will be the first opportunity for the group to communicate updated commercial data on the dynamics of its sales, particularly in Asia and the United States. Two days later, on April 17, the annual general meeting of shareholders will take place, another significant event that may provide details on the strategic directions of the group. The stock, which has a beta of only 0.15, traditionally remains little correlated with general market movements, distinguishing its risk profile from most of the major Parisian capitalizations. The one-month volatility is set at 7.70, a contained level considering the amplitude of the correction observed over the past three months. The 2026 half-year results are expected on July 29.
