GTT Stock Plummets 12.5% Over a Month and Enters Oversold Territory

The Stock Dives Below Its Moving Averages and Plunges into Oversold Territory

GTT drops 2.57% to €178.50, marking a decline of 12.59% over a month and 7.18% over the week. The stock falls below its 200-day moving average (MM200) at €181.97, with a gap of 1.91% against the price, after already losing contact with the 50-day moving average (MM50) at €200.98 and the 20-day moving average (MM20) at €197.09. This breakdown occurs as the RSI drops to 28, entering a distinctly oversold zone, reflecting the intensity of the selling pressure in recent sessions. The decline intensifies in an SBF 120 that loses 0.82%, in an atmosphere weighed down by the relapse of Brent crude ($74.98, -9.8% in ten sessions) which puts all French oil-related stocks under pressure. The break of the support at €190.60 last Tuesday remains digested by the market, with no technical rebound in sight at this stage.

Semi-Annual Account Publication Expected in a Few Days After a Flurry of LNG Contracts

The financial calendar marks the publication of the semi-annual results for 2026 on June 28, the next concrete milestone for the stock. The company approaches this deadline following an order from China Chengda Engineering for three 240,000 m³ terrestrial LNG storage tanks for the Yuedong LNG terminal, announced last week. This commercial momentum extends the record quarter in orders already mentioned in the April release. Over the past twelve months, the stock still maintains a gain of 8.25% despite the recent correction. In the short term, the €178.50 level now acts as a technical floor tested during the session, and the semi-annual publication on Sunday evening will provide the next quantitative framework for assessing the activity.