Rémy Cointreau Stock Rises Nearly 2%, with the €42 Zone in Sight
The stock of the cognac group is regaining momentum in mid-morning trading within a positively oriented Parisian market. This movement comes as the stock has alternated between declines and rebounds since the beginning of the month, without a clear trend.
A Technical Rebound Bringing the Price Back to the 20-Day Moving Average
Rémy Cointreau's stock is up 1.96% at €40.54 in mid-morning trading, while the CAC 40 has risen by 0.5% and the SBF 120 by 0.48%. The stock is returning to its 20-day moving average, priced at €40.36, after fluctuating since the beginning of May. The rise positions the stock among the notable gains in the SBF 120, though not among the leaders dominated by automotive equipment manufacturers. The price remains above the 50-day moving average (€38.98), with a gap of about 4%, but still below the 200-day moving average at €42.55, which is nearly 5% away from reversing the medium-term downward trend. The RSI at 48 reflects the lack of directional pressure. The identified resistance at €42.24 roughly coincides with the long-term average, making it the threshold to watch if the rebound continues. Over the year, the stock has declined by 14.11%.
Short Positions Decline and Quarterly Publication Now Behind the Market
According to reviewed statements, five funds hold a net short position of 5.47% of the capital, down by 0.75 points over thirty days (6.22% a month ago). The bearish bet remains high in absolute terms but is easing, indicating continued caution among some institutional investors without recent acceleration. This level deserves ongoing monitoring, without drawing isolated conclusions about the stock's trajectory. Fundamentally, the group closed its 2025-2026 fiscal year with revenue nearly stable at €935.3 million but warned of an expected decline in current operating income in the low double-digit to mid-teens range organically, as reported in the annual accounts published at the end of April. The sectoral context remains challenging: French exports of cognac have fallen nearly 25% in value for the 2025 fiscal year according to the FEVS. The stock's ability to break through the €42.24 - €42.55 zone, combining resistance and long-term average, will be the next technical reference point.
