Forvia's Stock Falls Below Its €9.41 Support, Down 8% in a Week
The automotive supplier declines at the opening, in a Parisian market weighed down by a resurgence of risk aversion. The stock thus extends a bearish sequence that began in early June and moves further away from its medium-term technical benchmarks.
A Decline that Distances the Stock from Its Three Moving Averages
Forvia's stock loses 2.01% to €9.36 at the start of the session, while the CAC 40 drops more than 1% and the VIX jumps 21% to 20.32. The stock falls below its technical support of €9.41, which has been tested several times in recent weeks. The decline brings the weekly loss to 8.12% and the monthly erosion to 9.8%, erasing the mid-June rebound that had brought the price back to €10.38.
The technical setup remains unfavorable. The price is 10.28% below the MM20 (€10.43) and 9.67% below the MM50 (€10.36), while the MM200 at €11.59 remains out of reach with a negative gap of 19.26%. The RSI at 40 indicates persistent selling pressure without a clear oversold signal, and the MACD remains negatively oriented (line at -0.25, signal at -0.13).
Bearish Pressure Confirmed by the Rise in Net Short Positions
According to reviewed statements, four funds accumulate a net short position of 3.76% of the capital, up by 0.59 points over thirty days (previously 3.17%). The level now exceeds the 3% threshold and indicates that a significant fraction of institutional investors remain positioned bearishly on the stock. This steady rise, while not massive, reflects a skepticism that has not dissipated despite the mid-June rebound. The underlying context also weighs heavily.
The sale of the Augsburg site in Germany to GDELS, announced on June 18 as part of the Ignite refocusing plan, has not sufficed to stop the decline. At the level of the broader index, Forvia sinks into the lower half of the SBF 120, in a session dominated by sharply declining technology stocks (Soitec, STMicroelectronics). The €9.41 support is now the short-term reference level.
