Pernod Ricard stock sinks, -36% over one year
Nearly two weeks after publishing its annual results, Pernod Ricard is unable to stabilize. The stock retreated further on Monday, in a CAC 40 that is nonetheless trading flat. The technical setup remains deteriorated, with the price moving further away each day from its moving averages.
A stock that has accumulated more than 11% losses over the month and remains isolated in its index
Pernod Ricard stock is down 1.26% to €60.98 in trading, while the CAC 40 is up 0.08% and the SBF 120 is nearly flat. The monthly decline reaches 11.65%, making it one of the most marked movements in the index over this period. Over one year, the decline exceeds 36%.
The spirits group is still bearing the consequences of the annual results for 2025/2026 published on August 27, which revealed an organic revenue decline of 3.9%, driven by weakness in the American and Chinese markets. The nearly 7% drop that followed this publication has still not been erased, and the stock has not found a floor since. Its only direct comparable in the index, Rémy Cointreau, is down 2.21% in trading on its side, a sign that pressure on the French spirits exporters segment remains widespread, in a context of declining cognac exports already marked in 2024.
Three moving averages above the price, RSI in bearish territory but without extreme oversold conditions
The chart setup of Pernod Ricard remains deteriorated across all timeframes. The price is trading below the 20-day MA at €67.36 (gap of 9.47%), the 50-day MA at €66.01 (gap of 7.62%) and the 200-day MA at €69.58 (gap of 12.36%). These three moving averages form an imposing technical ceiling, especially as the MACD remains in negative territory, with a histogram at -0.72, reflecting still-active bearish momentum.
The RSI at 38 is in the lower zone without reaching the oversold threshold at 30, which signals progressive exhaustion of the selling movement without a reversal signal for now. The price remains below the resistance threshold at €70.32 and has also not recovered the support at €62.18 since its breach. Analyst views were revised downward by two brokerage houses following the results, according to briefs from August 27 and 28. The nearest resistance to monitor remains the 50-day MA at €66.01 €, which the stock has not approached since the post-results drop.
