Braemar Hotels & Resorts Inc

In a clear Stage 4 decline with successive lower highs and heavy down-leg volume, the medium-term bias is bearish. Price remains below all key EMAs, which are sloping down, and recent extreme oversold conditions have triggered only a shallow bounce. With resistance overhead, execution is best deferred until rallies into the falling EMA zone or prior support-turned-resistance levels.

• ↑Comparable REVPAR +4.2% in Q1 2025 and +1.4% in Q3, reflecting recovery momentum
• ↑Group room revenue +8.6% YoY in 2025 via targeted high-margin bookings
• ↓Net loss of $46M in Q4 2025 and $72.7M full-year loss strains profitability