Euronext Shares Soar Nearly 4%, Targeting Key Resistance at €149.40
The pan-European stock exchange operator gains significant momentum mid-morning, standing out from a stagnant Parisian index. The stock confirms the rebound that began the previous day and moves back into an offensive position across all its moving averages.
Euronext Gains 3.9% to €146.40 and Enters the Top of the CAC 40 Rankings
Euronext shares increased by 3.9% to €146.40 in mid-morning trading, while the CAC 40 dropped 0.19% to 8,458.69 points. The stock is among the highest risers in the Parisian index, alongside cyclical and industrial stocks dominating the session. This acceleration extends the recovery movement that began the previous day, after a consolidation phase in June. The market context remains supportive for European financial stocks, with a declining VIX at 15.97 (-3.74%), indicating a decrease in risk aversion, while the June U.S. employment report came in significantly below expectations, fueling hopes for a more accommodative stance from the Fed.
The Stock Moves Above All Its Moving Averages, Targeting Its Resistance at €149.40
The chart configuration strengthens significantly with this surge during the session. The price (€146.40) is above the MM20 (€144.03, a gap of +1.65%) and the MM50 (€142.87, a gap of +2.47%), while the MM200 at €132.66 is more than 10% away, confirming the underlying bullish trend. The RSI at 54 remains in the neutral zone, leaving room before any overheating signal. The stock is now approaching its identified resistance at €149.40, the last technical barrier before an extension of the movement. Over twelve months, the performance remains slightly negative (-0.76%), but the gain of 2.93% over the past month illustrates the renewed interest in recent sessions. The next key date on the calendar is the publication of the semi-annual results, expected at the end of July.
