Forvia Shares Drop to €10.52, Erasing Previous Gains Amidst Brent Crude Reaching $109

A Decline That Brings Forvia Back to Its 20-Day Moving Average

Forvia's stock relinquishes its previous day's gains and returns close to its 20-day moving average, which stands at €10.30. The price remains slightly above this benchmark (a gap of 2.18%) as well as its 50-day moving average at €10.10. However, the 200-day moving average at €11.67 remains out of reach, nearly 10% above the current price, reflecting a three-month decline of 28.79%. The RSI at 60 remains in the neutral zone, showing no signs of exhaustion. The resistance level identified at €10.92 precisely matches Thursday's closing price, highlighting the failure of the attempted breakthrough the day before. On the downside, the support at €9.59 coincides with the lower boundary of the Bollinger Bands.

Brent at $109 and Selling Pressure Underpin the Slide

The European automotive sector is operating in an unfavorable environment, with Brent crude oil up 2.36% at $109.11, extending the pressure on costs for manufacturers and their suppliers. The CAC 40 is down 1.37% and the SBF 120 drops 1.36%, following a Sino-American summit in Beijing where trade announcements disappointed some investors. According to reviewed statements, net short positions on Forvia amount to 4.11% of the capital, declared by five funds, including Marshall Wace (1.65%) and Capital Fund Management (0.81%). This selling pressure remains stable over a month (+0.02 point). As a reminder, the group had sold its Interiors business to the Apollo fund at the end of April for €1.82 billion, as part of its strategic refocusing. The next key date on the calendar: the general assembly on June 4, 2026, before the publication of the first-half results on July 31.