Arkema Shares Rise +2.57% Mid-Day After CAC 40 Reversal
The specialty chemical company's stock shows significant progress this Monday, in a session marked by a spectacular reversal of the CAC 40. Arkema is trading at 51.80 euros at mid-day, up 2.57% from Friday's close of 50.50 euros. This rebound occurs as the stock remains under pressure over the year, with a decline of more than 31%.
Geopolitical Tensions and Market Reversal
This Monday's session was dominated by geopolitical tensions around the Strait of Hormuz, before a turnaround occurred late in the morning. The CAC 40, which was down more than 2% due to fears of US strikes against Iran, rebounded sharply after Donald Trump announced 'very fruitful' discussions with Tehran and the postponement of military operations. The Paris index is now up 0.61% in the session, at 7,712 points. The SBF 120 follows the same trajectory, up 0.63%. Arkema, whose specialty chemical business is sensitive to energy costs and raw materials, directly benefited from the easing of tensions in the oil markets. With the threat to crude transit via the Strait of Hormuz temporarily receding, the stock reversed its early morning downward trend. Other Parisian industrial stocks are recording comparable gains: Schneider Electric is up 2.91% and Airbus advances by 2.57% in the session.
Technical Situation Remains Delicate Despite Rise
Despite today's rise, Arkema's technical situation remains delicate. The current price of 51.80 euros is significantly below its 50 and 200-day moving averages, which are positioned at 55.79 and 56.41 euros, respectively. This significant gap reflects a still downward-oriented trend over recent weeks, confirmed by a 4.52% decline over seven days. The RSI (Relative Strength Index, which measures the intensity of recent movements) stands at 33, close to the generally set oversold zone of 30. This level indicates that selling pressure has been particularly intense in recent sessions. The support at 50.50 euros, corresponding to Friday's floor, held during the morning tension phase. The most significant resistance is at 65.45 euros, a level more than 26% above the current price. On the agenda, the next dates likely to feed the stock are the publication of first-quarter results, scheduled for May 6, and the general meeting planned for May 21. These events could provide new elements on the operational trajectory of the group in an uncertain macroeconomic environment.
