Bouygues Shares Drop 2.51% Amid Rising Oil Prices at $108

Significant Daily Drop for Bouygues Shares

This Thursday, Bouygues shares experienced one of their steepest daily declines in several weeks. The stock lost 2.51% and is trading at 49.74 euros, erasing some of the gains accumulated over the past three months, during which it still showed an increase of 12.15%. Year-on-year, the performance remains strong at 34.58%.

The session is marked by a worsening general climate on European markets. The escalation of tensions between Washington and Tehran, following Iran's denial of a possible ceasefire and the promise of prolonged strikes from both sides, increases nervousness. The rebound of Brent crude above $108 per barrel this morning, up more than 6% in twenty-four hours, adds to the anticipated energy costs for the construction and infrastructure sectors. The SBF 120 also loses 1.28% during the session, while peers like Vinci are down 1.85% and Schneider Electric 4.33%, indicating a widespread sectoral retreat.

Technical Analysis of Bouygues Stock

Graphically, Bouygues' stock price is now slightly above its 50-day moving average, located at 49.00 euros, a level that could serve as a short-term support zone. The 200-day moving average, at 42.29 euros, remains significantly lower, confirming that the underlying trend is still bullish. The RSI at 60 indicates the stock is still in a neutral zone, without any excess upward or downward, despite today's correction.

The nearest support is at 48.13 euros, which also corresponds to the lower boundary of the Bollinger Bands: a downward break through this threshold could signal a deeper change in dynamics. On the calendar side, the upcoming weeks are packed with events for the group: the general assembly is scheduled for April 23, followed by the publication of the first quarter results on May 7. These events should provide new insights into the operational trajectory of the conglomerate.