Exosens Share: The optronic company rises among the strongest gainers of the SBF 120
The Bordeaux-based optronic company rebounds this Wednesday, against the trend of a declining Paris market. The movement erases a significant portion of Tuesday's decline and occurs as the stock has settled below its moving averages.
A rebound that places Exosens among the top performers of a declining SBF 120
Exosens share gains 2.29% to €57.95 during the session, while the SBF 120 falls 0.34% and the CAC 40 declines 0.38%. The stock ranks among the strongest gainers of the index, far behind Forvia, but well above a hesitant market. This rebound follows the 3% decline recorded on Tuesday, which had brought the price back towards its long-term moving averages.
In terms of performance, the stock remains down 3.66% over one week, but still shows an advance of 35.24% over one year. The trading session context remains marked by tension on rates: the 10-year OAT stands at 4.72% according to the latest reading from the Banque de France on October 6, with a spread of 1.27 points versus the Bund.
The price remains below its moving averages, with support at €54.15
Despite today's increase, Exosens share remains below its MA20 (€58.78, variance of 1.41%), its MA50 (€59.86) and its MA200 (€59.85), the latter standing 3.17% above the current price. A return above the €59.85 to €59.86 zone therefore remains to be confirmed, these two averages being virtually identical. The RSI at 43 remains neutral and the MACD, slightly negative, does not show marked momentum.
Support at €54.15 and resistance at €63.40 frame the current trading zone. The optronic company's next financial event is the publication of its nine-month revenue, expected on October 27.
