Derichebourg Stock: 3.6% Rebound This Friday Morning
The stock of the recycling and public services specialist showed a 3.6% increase at the opening this Friday, October 10, reaching 6.0450 euros. This rise is part of a rebound movement initiated over the past week, with the stock having increased by nearly 8% over the last seven days. Trading volumes remain moderate, with only 0.12% of the capital having changed hands, a level that reflects limited investor participation in this upward movement.
Recovery After a Challenging September
This recovery comes after a particularly difficult September for the group. On September 3, Derichebourg experienced a nearly 18% drop in session after revising its Ebitda target for the fiscal year 2024-2025 downwards, from 350 million euros to a range between 300 and 310 million euros. The company then cited the adverse impact of US tariffs on steel, aluminum, and copper, set at 50%, as well as a weakening of the dollar against the euro which weighed on raw material prices and affected its margins. The stock then touched a low point at 4.75 euros before beginning a gradual rebound. Since then, a potentially favorable element has emerged for the group's outlook. At the end of September, the European Commission announced its intention to impose tariffs ranging from 25% to 50% on Chinese steel in the coming weeks, in order to counter the pressure on steel prices in Europe. This measure could directly benefit Derichebourg, with more than half of its consolidated Ebitda coming from the resale of scrap metal. As the price of scrap is aligned with that of primary steel, a limitation of Chinese imports could support prices and improve the group's profitability in its metal recycling activity.
Technical Analysis and Market Position
From a technical standpoint, the stock is approaching its technical resistance located at 6.06 euros, a threshold it is currently testing after having crossed its 50-day moving average established at 5.64 euros. This recent upward dynamic is also reflected by a favorable momentum indicator: the MACD, which measures the convergence and divergence of moving averages, shows a positive value at 0.05 and is now above its signal line at -0.04, signaling a short-term trend reversal. The MACD histogram at 0.09 confirms this buying impulse, although it remains modest. However, this rapid progression places the stock in a marked overbought zone. The Relative Strength Index, or RSI, reaches 86, a level significantly above the threshold of 70 generally considered indicative of technical overheating. This positioning suggests that the stock may experience a phase of consolidation in the short term, especially as the stochastic indicators are already emitting a sell signal. The price also moves above the upper bound of its Bollinger bands set at 5.88 euros, reinforcing the idea of a temporary extension of the bullish movement. With a beta of 0.12, Derichebourg shows very low sensitivity to variations in the CAC 40, which is up 0.28% this morning, demonstrating a largely decoupled evolution from the Parisian index.
