Derichebourg Shares Drop 2% and Reapproach Their 20-Day Moving Average After a Bullish Rally
Mid-session, the metal recycler's stock pauses after several weeks of sustained growth, returning to its short-term moving average in a flat Parisian market.
A Decline That Brings the Stock Back to Its 20-Day Moving Average
Derichebourg shares drop 2.07% to €9.92 in early afternoon trading, after closing at €10.13 the previous day. The stock thus reapproaches its 20-day moving average (MM20) at €9.94, touching it on the downside for the first time in several sessions. Longer moving averages remain well below the current price: the 50-day at €9.60 (a +3.33% gap) and the 200-day at €7.61 (a +30.35% gap) confirm the underlying bullish trend, fueled by a 78.1% gain over the year. The RSI at 56 remains neutral, indicating that today's movement is more of a consolidation than a reversal.
The stock is positioned between its support at €9.42 and its resistance at €10.49. Within the broader index, Derichebourg ranks low in the SBF 120 (83rd out of 121) while the SBF 120 itself drops 0.05%. The underlying momentum remains favorable, with a nearly 23% increase over three months.
A Case Supported by Semi-Annual Dynamics and the Integration of Scholz Recycling
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Today's decline occurs against a backdrop of solid fundamentals for the group. During the publication of the semi-annual results on May 29, the recycler reported a 9.7% increase in current EBITDA to €177.8 million, driven by rising non-ferrous metal prices and European steel protection measures. The signing of the acquisition contract for Scholz Recycling, a German sector player, now shifts focus towards the integration of this operation.
Following this announcement, the stock had jumped 8% and reached a new high since 2022. Based on the expected earnings per share, according to the consensus of surveyed analysts, the stock is trading at approximately 9.9 times the earnings for the current fiscal year and 8.4 times those of the next. The next threshold to watch in the figures remains the €10.49 resistance, whose breach is necessary for the continuation of the medium-term bullish movement.
Demande ferrailles meilleure grâce à quotas restrictifs et droits de douane UE
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