BNP Paribas Stock Hits Historic High at €101.92

Historic High of €101.92 Recorded Before a Dip at the Open

BNP Paribas stock reached €101.92 in today's session, surpassing the previous historic high of €101.82 set on Friday, June 19. The stock then fell by 0.47% to €101.10, with the CAC 40 down by 0.21% in the early morning. The bank still maintains a weekly gain of 4.56% and more than 23% over three months, reflecting the strength of a bullish movement that began in the spring. Last Friday, the stock had already breached its resistance at €101.58 during the session and maintained it at the close, paving the way for the new high recorded this morning. Breaking this long-watched resistance confirms the momentum observed during the crossing of the €100 mark last week.

RSI at 73 Indicates Tension After the Rally, with Interest Rates and Geopolitics in the Background

The rally has pushed the RSI to 73, into the overbought zone, indicating that the bullish momentum of recent weeks is starting to technically wane. The price is now more than 6% above its 20-day moving average (€94.96) and over 21% above its 200-day moving average (€83.53), a gap that makes the day's consolidation consistent with the amplitude of the previous movement. The sectoral context remains supportive for European banks: the ECB has raised its rates for the first time since 2023 and the yield on the 10-year Bund is around 3%, factors traditionally favorable to the interest margins of credit institutions. Geopolitical tension around the Strait of Hormuz, following the US denial of the Iranian claim to close it, also maintains a climate of vigilance in the markets. The €101.58 threshold, a former resistance now turned support zone, is the immediate technical reference; the next resistance remains to be defined beyond today's record.