Carbios Stock Takes a Sharp Downturn Midday Despite Solid Fundamentals
Carbios stock has experienced a significant decline of 8.81% this Wednesday, December 10, at midday, settling at 11.60 euros compared to 12.72 euros the day before. Trading shows a notable volume, with 0.73% of the capital exchanged. This movement comes after a recent positive streak: the stock still shows an increase of 0.87% over seven days, 22.69% over three months, and 31.97% over a year. This technical correction could reflect profit-taking after several weeks of sustained increase. The stock now trades well above its moving averages: 11.60 euros against 10.02 euros for the MM20, 8.75 euros for the MM50, and 7.88 euros for the MM200. The RSI is at 66, close to the overbought zone at 70, suggesting a technical breather. The MACD histogram remains positive at 0.51, confirming that the underlying trend remains bullish despite this temporary setback.
Carbios and Wankai New Materials signed a definitive agreement on December 2, 2025, for their joint venture dedicated to building a 50,000-ton PET biorecycling plant in China. Wankai will hold 70% of the joint venture while Carbios will own 30%, with a total investment of 115 million euros. Construction is expected to begin in the first quarter of 2026 with a planned start-up at the beginning of 2027. The group also announced on November 24 the signing of two new multi-year commercial commitments with major players in the beverage industry for the supply of biorecycled PET. These contracts bring the level of presales to about 50% of the maximum capacity of its future industrial site. Additionally, Oddo BHF raised its price target from 8.00 to 12.00 euros on December 3, with a neutral recommendation. These elements constitute solid fundamentals likely to support the stock in the medium term.
The stock is trading within a significant volatility channel, with a support threshold identified at 7.08 euros and resistance at 15.14 euros. The one-month volatility stands at 38.38%, characteristic of growth stocks in the industrialization phase. The Bollinger Bands, currently located between 5.68 euros (lower boundary) and 14.35 euros (upper boundary), frame a phase of price expansion. The Average True Range (ATR) of 0.81 confirms the daily amplitude of variations. The Chaikin Money Flow (CMF) shows a positive value of 0.13, indicating that buying flows remain present despite the day's decline. The technical setup suggests that the stock could find support around the 50-day moving average before resuming its upward trajectory, provided that trading volumes remain robust and recent strategic announcements continue to bear fruit in the coming quarters.
