Vicat Shares Rise 3.53% After Hitting a Technical Low
The stock of the Isère-based cement company shows a significant increase this Wednesday, reaching 64.50 euros in a generally bullish Paris market. This rebound follows a challenging quarter, with the stock losing more than 15% over three months. The upcoming general assembly on April 10 and the publication of quarterly sales figures in early May are key events to watch.
Vicat Shares Gain 3.53% During Session, Surpassing 64 Euro Threshold
Vicat shares rose 3.53% during the session, moving back above the 64 euro threshold after recently touching a technical floor near its support level at 59.90 euros. This bullish movement occurs in a supportive environment for the Parisian market, with the CAC 40 up 2.12% during the session and the SBF 120 up 2.14%. Other industrial stocks listed in Paris also posted significant gains, like Schneider Electric (+4.36%) and Airbus (+3.36%). Technically, the stock remains under pressure, trading well below its 50-day moving average of 70.60 euros, indicating a medium-term bearish trend still in place. The RSI, at 41, is in a low zone without being oversold, suggesting that the recovery potential remains limited as long as the stock does not consistently break through its major resistance at 75.20 euros. Today's rebound does not fundamentally alter this configuration, although it provides a respite after several weeks of decline.
Crucial Weeks Ahead for Vicat
The coming weeks will be crucial for Vicat. The general assembly scheduled for April 10 may provide details on the group's strategy and distribution policy. Less than four weeks later, on May 4, the cement company will publish its first-quarter 2026 sales figures, an event that will allow assessment of the commercial dynamics in a challenging macroeconomic context. Market volatility remains high, with the VIX reaching 31.05 points at its last close, up more than 13%, a level indicative of significant stress. For the construction and materials sector, the recent surge in Brent crude prices beyond 115 dollars, linked to military escalation in the Middle East, represents a potentially unfavorable cost factor, as energy is a major expense in cement production. The actual impact on Vicat's margins will only be assessable in light of upcoming financial publications. Over the past year, the stock still maintains a positive performance of nearly 30%, reflecting a solid underlying trajectory despite the recent correction.
