Nexity Shares Jump 3.81% Midday After Months of Decline
Nexity's stock is up 3.81% this Wednesday at midday, trading at 8.165 euros after closing at 7.87 euros the previous day. This surge comes amidst a significant rebound of the CAC 40, which is up 1.38% during the session. The real estate developer, whose share price has fallen more than 18% over the year, is attempting to regain ground after several months of decline.
Nexity's Day Rise Part of a Larger Catch-up Movement in Paris
Today's rise in Nexity's shares is part of a broader catch-up movement on the Paris stock market. The CAC 40 is up 1.38% during the session, while the SBF 120 shows a similar advance. This rebound follows the highly volatile session on March 23, when European markets were shaken by tensions between Washington and Tehran around the Strait of Hormuz, before recovering after the announcement of what were described as fruitful discussions between the two sides. The postponement of American strikes contributed to temporarily easing fears and restoring a buying momentum in the markets.
In the construction and infrastructure ecosystem, Vinci is up 1.22% and Schneider Electric is up 2.73%, confirming a general upward trend in the segment. Nexity's more pronounced percentage rebound is partly explained by the strong correction it has suffered in recent months: the stock has lost 6.58% over three months and remains down by 18.31% over the year.
Despite Today's Surge, Nexity's Technical Setup Remains Weak
Despite today's surge, Nexity's technical configuration remains degraded. The price, at 8.165 euros, is still significantly below its 50-day moving average (8.65 euros) and 200-day moving average (9.38 euros), indicating a medium and long-term bearish trend that is still intact. The RSI, at 43, reflects a stock in a neutral zone but leaning towards weakness, without any oversold signal likely to trigger a pronounced turnaround.
On the technical thresholds to watch, the support level is at 7.76 euros, a level the stock is moving away from thanks to today's rise. The most significant resistance is positioned at 9.54 euros, nearly 17% above the current price, highlighting the extent of the path remaining to regain more comfortable levels.
On the calendar, the next milestones likely to provide fundamental elements are the publication of commercial activity and revenue for the first quarter, scheduled for April 23, and the general meeting planned for May 21.
