Getlink SE Shares Bounce Back 2% and Reconnect with its MM50
The Channel Tunnel operator's stock made a strong recovery on Friday, following an upward trend in the CAC 40. After several weeks of decline, the stock is regaining its short and medium-term technical benchmarks.
A 2% Rebound Bringing the Stock Back to its MM20 and MM50
Getlink SE's stock increased by 2.08% to €18.62, while the CAC 40 closed at 8,518.83 points (+0.52%) and the SBF 120 at 6,446.16 points (+0.62%). Today's rebound brings the price right back to the MM50 (€18.62) and slightly above the MM20 (€18.53), after a consolidation phase that left the weekly performance at -2.5% and the monthly decline at about -2%. The MM200, at €17.10, remains 8.9% below the current price and confirms the underlying bullish orientation, with a gain of nearly 11% over the year. The RSI at 47 is neutral and the MACD, with a line (0.03) slightly below its signal (0.05), indicates a lack of clear momentum. Today's rebound is not yet sufficient to decide between the support at €18.19 and the resistance at €18.87, the upper limit of a narrow channel in which the stock has been trading for several sessions.
Contrasting Monthly Traffic and a Supportive Market Environment
The session benefits from a globally calm context: the VIX drops 2.35% to 15.77, Brent oil retreats to a four-month low around $70.7 per barrel with the normalization of flows through the Strait of Hormuz, and most European markets finish in the green. This decline in energy prices eases the fuel costs, significant for a cross-channel transport infrastructure operator like Getlink SE. Regarding activity, the traffic figures for May showed a 2% decrease in the truck segment and a 4% increase in tourism, a contrasting profile that did not prevent the stock from maintaining a gain close to 11% over the past twelve months. The next monthly traffic figures are the factual benchmark to follow to confirm or deny the exit from the €18.19 - €18.87 channel.
