Rémy Cointreau shares among the steepest declines on the SBF 120, approaching a key support level
The cognac group's stock is down this Thursday in an almost stable Paris market, as selling pressure persists on luxury stocks. Rémy Cointreau remains below its short-term moving averages and is posting a difficult week, in a global context marked by rising bond yields and tensions in the Middle East.
A technical decline that extends short-term pressure on the stock
Rémy Cointreau is down 1.59% in trading at €44.58, representing a weekly decline of 5.15%. The stock is trading below its 20-day moving average at €46.26 (a gap of -3.63%) and below its 50-day moving average at €45.44 (a gap of -1.89%), two levels that form nearby resistance. Only the 200-day moving average at €41.25 remains significantly below the price, providing a cushion over a long-term horizon. The RSI at 45 remains in a neutral zone, without any marked oversold signal, while the MACD, in negative territory, confirms the short-term bearish momentum.
Support at €44.48 is now very close to the current price of €44.58, with a gap of less than 0.2%: the stock is trading almost at this floor level. Its maintenance will determine the next move. The stock is among the steepest declines on the SBF 120 in trading, ranking 115th out of 120, in a luxury and spirits sector globally under pressure: Kering is down 2.58%, EssilorLuxottica down 2.08%, and LVMH down 2.06%. Pernod Ricard, a comparable sector stock, limits its decline to 0.54% in trading.
High short positions in a persistently difficult sector environment
According to filed declarations, four funds have accumulated 4.76% of Rémy Cointreau's capital in net short positions, a level that remains elevated even though this cumulative figure has declined by 0.60 percentage points over thirty days (compared to 5.36% a month ago). This partial decline in short interest does not signal a capitulation by sellers, but rather reflects a slight reduction in institutional bearish pressure. At this level, the significant presence of selling positions indicates that institutional investors remain positioned against the stock, though the exact motives cannot be determined. This point merits ongoing observation.
Fundamentally, when publishing FY 2025 annual results (April 30, 2026), the group highlighted intense competitive pressure on cognac and declining Chinese demand as major risks, in a sector where cognac exports fell 10.9% in value over the full year 2024 according to FEVS. The analysts' views on the stock will be a key observation point as the sector situation evolves. The €44.48 support level remains the immediate technical benchmark to monitor in assessing whether the weekly decline of 5.15% stabilizes or accelerates.
