Birkenstock Holding PLC

BIRK is entrenched in a Stage 4 downtrend beneath declining EMAs and trading near its 52-week low. Price is extended below multiple EMAs and RSI is in extreme oversold territory, deterring immediate sell-side aggression. We defer bearish execution and intend to trim into any relief rally up toward dynamic resistance around the 9 EMA and 20 EMA.

• ↑Q3 revenue grew 15% in constant currency; FY26 guidance raised to €2.3–2.35 billion.
• ↑Earnings yield is high; P/E at 16.2× vs five-year median of 37.1× highlights valuation appeal.
• ↓EPS missed expectations by 21%, underscoring weak profitability despite sales growth.