Amundi's Shares Jump 2.44% After Dipping to Its Support at €71.60
Amundi's stock made a significant advance this Wednesday, March 25, posting a 2.44% gain to €73.50 by midday, after closing at €71.75 the previous day. This rebound occurs in a context of a general recovery on the Parisian market, with the CAC 40 up 1.51% during the session. The asset manager benefits from this improvement while remaining below its short-term moving averages.
Amundi Regains Ground After Tough Sessions
Amundi is regaining ground after several difficult sessions that had brought the stock close to its technical support threshold at €71.60. The price touched €71.75 on Tuesday evening, very close to this key zone. Wednesday's rebound is part of a broader movement in the Paris market: the CAC 40 is up 1.51% in the session, while the SBF 120 is up 1.54%. This upward dynamic follows the geopolitical easing observed at the beginning of the week, after the announcement of a postponement of US strikes against Iran and the resumption of dialogue between Washington and Tehran, which had allowed the CAC 40 to recover as early as last Sunday. Other financial stocks are also benefiting from this renewed appetite: BNP Paribas is up 1.78% and AXA advances 1.32% in the session. Over the past week, Amundi's stock still shows a decline of 1.08%, and it is down 1.94% over the year. The three-month performance remains positive, at 5%.
Despite Today's Rebound, Amundi's Technical Setup Remains Fragile
Despite today's rebound, Amundi's technical configuration remains fragile. The price, at €73.50, is significantly below its 50-day moving average (€76.03) and its 20-day moving average (€75.64), indicating that the short-term trend is still downward. Only the 200-day moving average, positioned at €69.40, is below the current price, providing a more distant reference floor. The RSI (Relative Strength Index), which measures the intensity of recent movements, stands at 35, a level close to the so-called oversold zone (generally set at 30). This indicator suggests that the stock has undergone significant selling pressure in recent weeks, but that the potential for further downside could reduce in the short term. Regarding the financial calendar, the next significant milestone is the publication of the first quarter 2026 results, scheduled for April 29. This will be followed by the general meeting on June 2 and the dividend payment on June 11.
