Valeo Shares Drop 2% at Opening, Weighed Down by Brent at $100
The automotive supplier's stock significantly declines at the start of the session this Monday, amid a particularly tense geopolitical context around the Strait of Hormuz. Valeo is trading at 10.93 euros, down 2.06% from last Friday's close. The CAC 40 also moves in the red, losing 0.95% during the session.
US Naval Blockade Against Iran Triggers Oil Price Surge
The announcement this Monday of a US naval blockade against Iran, targeting ships entering or leaving Iranian ports, causes a surge in crude oil prices. Brent crosses the symbolic threshold of $100 per barrel, reaching $101.66, an increase of nearly 8%. The Strait of Hormuz, through which a major portion of the world's oil transits, is directly targeted by this escalation between Washington and Tehran. For Valeo, this surge in energy prices is an unfavorable factor. The supplier, whose activity is closely linked to global automobile production, mechanically suffers from the pressure of rising energy and logistical costs. The movement affects the entire sector: during the session, Airbus is down 1.98% while Schneider Electric loses 0.29%. The publication of the first quarter 2026 revenue, scheduled for April 23, will be an important milestone to assess the concrete impact of this macroeconomic context on the group's activity.
Mixed Technical Signals for Valeo
Technically, Valeo's situation presents mixed signals. The stock has risen by 5.1% over the last seven days, but this short-term rebound is part of a more fragile trend over three months, with a decline of 9.37%. The current price of 10.93 euros is below the 50-day moving average of 11.56 euros, which indicates a persistent bearish pressure in the medium term. In terms of Bollinger Bands, the stock is in the upper part of its band, at 81% between the lower bound (9.66 euros) and the upper bound (11.22 euros), which signals a potential overbought zone after the recent rebound. The RSI, at 54, remains in neutral territory, without excess in either direction. The next technical resistance threshold is at 12.71 euros, while the identified support at 9.74 euros could be tested in case of worsening geopolitical tensions. Over a year, the stock still maintains a notable performance of 45.69%, indicating that the underlying momentum is not questioned at this stage.
