Getlink SE Shares Maintain Level, Approaching a Three-Year High
The shares of the Channel Tunnel operator are slightly up this Thursday, April 2, at 19.06 euros, after reaching a new three-year high the previous day at 19.25 euros. This movement occurs in a tense market context, with the VIX still showing a high level at 25.25, while comparable infrastructure sector values are significantly down during the session.
Historical Milestone Reached
GETLINK SE reached a historic milestone yesterday by hitting 19.25 euros, its highest level in three years, before slightly consolidating this Thursday. Over the past month, the stock has shown a progression of 3.47%, rising to 21.17% over three months and 18.09% over a year—a dynamic contrasting with today's trend among peers like Vinci (-1.81%) and Ferrovial (-1.88%). This renewed interest in the stock comes in a changing capitalistic context: at the end of March, Eiffage increased its stake in the Channel Tunnel operator, a significant sign of confidence from a leading industrial shareholder in the group's prospects. The next quarterly results are expected on April 23, which could keep investors' attention on the stock in the short term.
Technical Perspective
From a technical standpoint, the rapid progression of the stock has pushed the RSI to 73, above the threshold of 70 generally associated with an overbought zone. This signal indicates that the recent rise has been particularly strong over a short period, without necessarily predicting a reversal. The moving averages confirm the solidity of the underlying trend: the price is significantly above the MM50 at 17.52 euros and the MM200 at 16.27 euros, illustrating a bullish momentum established over several months. The natural resistance was at 19.05 euros—a level now surpassed after the record set the previous day. The very low beta of 0.08 also indicates that the stock operates largely decoupled from benchmark indices, which partly explains its resilience in a volatile market environment.
