Alstom Shares Bounce Back to €17.85 After a Dark Quarter, RSI Exits Oversold Territory
The stock of the railway manufacturer regains its colors this Wednesday, May 6, reaching €17.85 in early afternoon, in an euphoric Parisian market. The CAC 40 is up by 3.48% during the session, while the SBF 120 gains 3.37%. Alstom, however, is still down 36.52% over three months.
A Technical Rebound After a Long Oversold Phase
The stock has gained 8.31% over the week and is regaining ground after having touched lows around €16.32, a level identified as support. The RSI has risen to 31, just exiting the oversold zone where it has been since mid-April. However, the price remains significantly below its moving averages: the 50-day MA is at €22.91 and the 200-day MA at €23.11, about 28% above the current price. In the Bollinger Bands, the stock is moving in the lower part, at 38% of the amplitude, after having nearly touched the lower boundary at €12.77 during the downturn. The beta of 0.21 indicates a low correlation with the market, making today's rebound all the more notable in a context of strongly bullish indices.
A Swiss Contract and a Tense Schedule
In recent news, Alstom announced yesterday the signing of a €295 million contract with the Public Transport of the Lausanne Region for the modernization of the Lausanne M2 metro line, including a new CBTC system and mid-life renovation of the existing trains. This order is part of the continuity of the 2025/26 fiscal year, marked by record order intake of €27.6 billion (+39%), but also by an adjusted operating margin that fell to about 6%, below expectations. The group then revised its medium-term margin ambitions downward, now guiding around 6.5% for the next fiscal year and an organic growth of about 5%. Next key dates on the calendar: the publication of the annual results on May 13, 2026, followed by the general assembly on July 9, 2026.
