Euronext Stock: Shares Break Through Resistance and Jump Nearly 2%
Euronext shares showed significant progress this Thursday, February 26, trading at 134.80 euros, marking a gain of 1.81% from the previous day. The stock of the pan-European market operator extends a bullish trend that has been established over several sessions, with a weekly performance of 6.56%. This acceleration comes as Oddo BHF has just raised its price target on the stock.
Oddo BHF Raises Price Target
On February 24, analysis firm Oddo BHF raised its price target on Euronext from 152 to 155 euros, while maintaining an 'outperform' rating. At the current price of 134.80 euros, this new target implies a potential revaluation of about 15%. The analyst thus positions themselves with conviction on the group's ability to create value in the coming quarters. Regarding the financial calendar, the next major milestone is set for May 19, 2026, when Euronext will publish its first-quarter results. The general meeting will be held the following day, May 20. These events will provide an opportunity to gauge the operational trajectory of the group, whose stock has increased by 13.85% over the year and 3.14% over three months.
Technical Analysis Highlights Key Movements
Today's session is particularly significant on the technical chart. Euronext's share price has broken the resistance level identified at 132.40 euros, which precisely matched the previous day's closing price. This breakthrough is accompanied by a move above the 200-day moving average, located at 133.59 euros, a signal generally interpreted as reflecting a strengthening underlying bullish trend. The momentum is also visible through the RSI, which now reaches 80. This Relative Strength Index, measuring the speed and magnitude of price movements, is in the so-called overbought zone, beyond the conventional threshold of 70. This level indicates that the recent rise has been rapid and sustained, which does not rule out a short-term consolidation phase. The 50-day moving average, positioned at 123.35 euros, is significantly below the current price, confirming the growing gap between the recent trajectory of the stock and its evolution over the past weeks.
