Accor Shares Break Through Resistance at €46.43 Amid Declining Brent Prices
The hotel group marks an aggressive session on the Paris stock exchange and confirms the momentum that started last week. The stock breaks through a closely watched technical threshold during the session, as the Paris index makes significant gains and Brent crude prices substantially retreat.
Breaking the €46.43 Resistance Coincides with a Marked Decline in Brent
Accor's stock rises 2.6% to €46.59 by midday, while the CAC 40 climbs 0.85% to 8,242.23 points. The stock is among the top gainers in the index, in a session dominated by consumer goods and automotive manufacturers. The movement follows a significant easing of the barrel: Brent falls by 5.08% to $94.52, dropping 14.6% since May 18.
This decrease eases the pressure on the hospitality-travel sector, historically sensitive to fuel costs. Graphically, the session witnessed the breakout above the €46.43 resistance, with the stock maintaining above at €46.65 during intraday trading. The price is now significantly above its MM200 (€44.45), with a gap of 4.81%, after having crossed its short-term moving averages last week. Over the week, the stock has gained 7.33%, partially offsetting the quarterly decline of 5.86%.
First Quarter Revenue
The first quarter revenue, published on April 29, showed an increase of 2.3% at constant rates to €1.313 billion, despite a 9% decline in RevPAR in the United Arab Emirates due to the Middle Eastern conflict. The sector context remains double-edged: the European Commission has modeled a scenario of prolonged crisis in the region that would raise European inflation in 2026 and 2027, while talks between Washington and Tehran are currently easing oil prices. Technically, the RSI at 58 remains in neutral territory, leaving room before the overbought zone. The next identifiable market milestone is the detachment of the coupon on Monday, June 1.
