Hermès shares rebound 7.5% over one month and target their €1,387 resistance level
The Parisian saddlery group recovers during the session, in a CAC 40 trading higher. This rebound follows several months of decline that had pushed the stock away from its long-term moving average.
A rebound that brings the stock back above its short-term averages
Hermès shares rise 2.07% to €1,381.50, compared with €1,353.50 at the previous day's close, and gain 4.62% over the week.
The price is now 4.71% above its 20-day moving average (MM20) at €1,319.40 and 2.66% above its 50-day moving average. This marks a rebound over several sessions, although the stock was still down 18.5% over three months as of Monday. It is approaching its resistance level at €1,387, while the 200-day moving average (MM200), at €1,625.09, remains 14.99% above the current price.
The stock ranks in the top half of the CAC 40, well behind Safran (+3.96%) but ahead of the decline in L'Oréal. Other luxury stocks are following the same trend: LVMH gains 1.45%, Christian Dior 1.48% and Kering 1.75%.
Nine months of 2026: growth concentrated in leather goods
When it published its activity for the first nine months on 22 October 2026, the group reported revenue of €12,260 million, up 6.0% at constant exchange rates. The third quarter came in at +4.3%, compared with 6.1% in the first half, with leather goods growing 10.8%.
Risks cited in this publication include a negative currency effect of approximately €310 million and a Middle East region down 4.3% at constant rates.
The market backdrop remains supportive: the 10-year French government bond (OAT) yields 4.79% (as of 9 November) and Brent crude has retreated to around $92-93 per barrel. However, the stock is down 15.5% over three months and 32.9% over one year, and the €1,387 resistance level is the next level to overcome.
