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.

• ↑RevPAR recovered 1.9% in Q4 2024 and 4.2% in Q1 2025 after six quarters decline
• ↑Group room revenue rose 7.1% in FY 2025, up 31% YoY in Q1
• ↓Net loss of $46 M in Q4 2025 (–$0.67/sh), evidencing negative profitability factors