Derichebourg Shares Surge with a 9.09% Increase at Opening
The metal recycling specialist continues its upward trend with a significant increase at the start of the session. This surge follows the annual results released the previous day.
Strong Opening Performance
Derichebourg opened at €6.90, up 9.09% from the previous close. This increase amplifies the gains from Thursday's session, where the stock already jumped by 4.43%. Over the week, the cumulative gain now stands at +11.38%, while the quarterly performance is at +35.96%. Its outperformance compared to the CAC 40, which saw a modest gain of 0.21% this morning, reflects selective investor interest in this stock. However, volumes remain limited, with only 0.32% of the capital traded, indicating that this rise occurs in a context of reduced activity at the opening.
Technical Perspective
Technically, Derichebourg is now well above its 50-day moving average, set at €5.93, confirming a short-term bullish breakout. The relative strength index, positioned at 65, signals an ongoing buying dynamic without immediate overextension. The stock is approaching its resistance at €6.46, which has been tested several times during the week, while its technical support stands at €5.68, offering room for maneuver before a possible technical retreat. The monthly volatility of 7.89% remains contained, reflecting controlled movements despite the magnitude of recent variations.
Continued Positive Momentum
Today's momentum extends the positive wave triggered by the fiscal year 2024-2025 results, where the group reported a 63% increase in net profit to 122 million euros, supported by Elior's contribution. Although revenue declined by 7.5% and EBITDA by 3.2%, the improvement in net income was sufficient to reassure investors. The outlook for the current fiscal year, based on at least identical revenue and an expected EBITDA of between 320 and 350 million euros, maintains an upward-oriented framework. The buying momentum follows this logic of recovery, driven by strengthened conviction in the group's fundamentals.