After 25% decline in three months, Ayvens share rebounds 1.5%, RSI at 22

A rebound that leaves the security far from its moving averages

Ayvens gains 1.72% to €8.89, while the SBF 120 rises 0.11%. Today's increase only moderates heavy erosion: the security is still down nearly 18% over one month and 25% over three months. The price remains 8% below the MA20 and nearly 20% below the MA200.

The RSI at 22 reflects the extent of the selling sequence, and the support at €8.60 is less than 4% from the current price. The security had already declined 3.5% on October 8, with an RSI at 19. In terms of valuations, the consensus of analysts surveyed values the security at approximately 7.1 times the earnings of the current fiscal year and 6.5 times those of the following fiscal year.

Share buyback program at 34% execution

Ayvens announced on July 30 a €450 million share buyback program, executed at approximately 34% as of October 9, or €151 million already repurchased. Over twelve months, the group has repurchased €746 million of its own securities, representing 10.7% of its market capitalization. The group had also raised its 2029 targets on September 21, targeting tangible equity returns between 14% and 16%. The last support level at €8.60 is the level to monitor in the coming sessions.