Imerys Stock Bounces Back Over 3% and Crosses Above Its MM20 and MM50
The French mining group fully benefits from the midday rebound in the Paris market. The stock is gaining ground after several sessions of decline, finding a more favorable position against its short-term technical benchmarks.
A Significant Rebound That Erases Part of the Monthly Decline and Crosses Short Moving Averages
Imerys stock rises 3.62% to €22.30 during the session, while the SBF 120 is up 1.79% and the CAC 40 increases by 1.84%. The stock is among the notable risers in the broader index, in a Parisian market revitalized by easing oil prices, with Brent crude down more than 5% at $88.29 following US statements about a possible deal with Iran. Today's rebound pushes the price above its MM20 (€21.96, gap +1.55%) and MM50 (€21.93, gap +1.69%), thresholds simultaneously crossed after several sessions below these averages. However, the MM200 at €22.89 remains above the current price (gap -2.58%), indicating that the medium-term trend is still downward. The RSI at 45 remains neutral, allowing room for movement in either direction. This progress compensates for the monthly decline (-1.33%) and the annual performance remains heavily negative at -24.92%.
A Still Depressed Construction Sector Background in the Imerys Case
The mining group, exposed to the construction cycle, operates in a still depressed European environment. The construction climate remains very negative in France (-17.2) and Germany (-13.2), while the sector's production drops 2.8% over a year in France and 1.4% in the eurozone. French order books at -32 and a 2.0% decline in housing construction permits over the past twelve months illustrate the lack of short-term activity drivers on the residential side. The monetary backdrop does not make things easier: the ECB has raised its key interest rates by 25 basis points, bringing the deposit facility to 2.25%, against a backdrop of 10.9% year-on-year energy inflation. The session's rebound brings the Imerys stock into contact with its immediate resistance at €22.94, a level whose crossing would pave the way for a test of the MM200 at €22.89.
