Aperam Shares Drop Nearly 4% and Struggle at €53 Resistance

Aperam Shares Fall 3.61% to €50.80 in Mid-Morning Trading

Aperam drops 3.61% to €50.80 mid-morning, while the SBF 120 advances by 0.28%. The stock is among the biggest losers in the index, following in the footsteps of ArcelorMittal (-3.35%), marking a tough day for steelmakers listed in Paris. This decline partially erases the 7.58% gain accumulated over a month, without questioning the annual performance, which remains impressive at +87.87%. Yesterday's session already saw the stock lose 2% after reaching a multi-year high, and today's drop extends this consolidation phase. The movement occurs after the stock hit resistance at €53.05, a level it failed to decisively break through this week. The weekly loss now stands at 3.05%.

RSI Drops Below 70, Signaling End of Technical Overheating Phase

The RSI returns to 69, just below the overbought threshold, after several sessions above this mark. This technical relaxation logically accompanies the price decline, which remains significantly above its long-term moving averages: the 200-day MA at €36.06 shows a gap of more than 40% with the current price, and the 50-day MA at €44 is more than 15% below. This setup reflects the magnitude of the rally since the beginning of the year and the technical cushion the stock still has before reaching its initial supports. The next level to watch remains the support at €40.78, identified in the technical data. In the short term, the 20-day MA at €49.72 acts as the first buffer, with the price now approaching it after today's decline.