Derichebourg Shares Reach a Peak Since 2022 at €10.69, Leading the SBF 120
In the mid-afternoon, the metal recycler's stock takes the lead in the SBF 120. The share price hit €10.69 during the session, a peak not seen since the onset of the Russian invasion of Ukraine in early 2022. This movement amplifies the rally that began with the announcement of the acquisition of German company Scholz Recycling in early May.
A Four-Year High at €10.69 Extends Post-Scholz Momentum
Derichebourg gains 7.35% at €10.59 during the session, after reaching €10.69 intraday. This level surpasses the previous record of €10.67 set at the beginning of the Russian invasion of Ukraine in 2022. The stock leads the SBF 120, ahead of Ubisoft (+6.48%) and SES (+4.91%). Over the week, the stock has risen by 10.43%, and 67.56% over the year. The movement continues the rally observed since the acquisition contract of Scholz Recycling, signed on May 5. Scholz, with a turnover of €1.6 billion, propels Derichebourg among the leading European metal recycling players. Since this announcement, the stock has successively broken through resistance at €9.22, then at €9.87. Today's session confirms the bullish breakout, in a favorable market context: the CAC 40 is up 0.82% and the SBF 120 by 0.83%.
Stock Moves Outside Bollinger Bands and Enters Marked Overbought Territory
The stock is trading 14.12% above its 20-day moving average (€9.28) and nearly 50% above the 200-day MA (€7.10). The divergence from the averages reflects the recent acceleration. More notably, the price is above the upper Bollinger Band set at €9.81, which is 174% of the band width. This configuration indicates a pronounced technical overbought condition, common during resistance breakouts accompanied by a fundamental catalyst. However, the RSI at 66 remains below the classic overbought threshold of 70, leaving some room before the momentum exhausts. The next key event in the financial calendar is the publication of the annual results for 2025/2026 on December 3, 2026. The semi-annual accounts have already been covered earlier in the month. The now surpassed resistance at €9.87 serves as the first reference level in case of a technical pullback.
