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31.55EUR +0.19%

Accor : Resistance levels that will be difficult to break

05/05/2021 | 02:39am
The editorial team

Strategy published on : 05/05/2021 | 02:39

short sell

Entry price : 33.86€
Target : 28€
Stop-loss : 35.8€
Potential : 17.31%

Current price levels represent good timing for the opening of new short positions with respect to shares in Accor. The resistance zone around 35.11 EUR could effectively set off a correction phase over the short term.
Investors should open a short trade and target the € 28.


● The company has poor fundamentals for a short-term investment strategy.


● According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.

● The group usually releases upbeat results with huge surprise rates.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 27.83 EUR


● Stock prices approach a strong long-term resistance in weekly data at EUR 35.05.

● Technically, the stock approaches a strong medium-term resistance at EUR 35.11.

● The company has insufficient levels of profitability.

● The company is in a hindered financial situation with significant debt and rather low EBITDA levels.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

● The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.

● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.

● For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.

● For the past year, analysts have significantly revised downwards their profit estimates.

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