LISI Stock Climbs Again, Approaching Its Resistance at €69.70

The stock approaches its €69.70 resistance after a nearly 39% rally in three months

LISI stock has risen by 2.09% to €68.30, while the SBF 120 index is up by 0.70%. The stock is thus nearing its identified resistance at €69.70, less than 2% away from the current price, after gaining 8.59% over the week and 38.82% over three months. This zone corresponds to the historical high recorded at the end of May at €69.00.

The equipment manufacturer ranks in the upper half of the SBF 120 this Tuesday morning. This progress occurs as French industrial stocks benefit from geopolitical easing in the Middle East, following the signing of a preliminary agreement between Washington and Tehran that extends the ceasefire by 60 days. Brent crude dropped about 4% on Monday, around $83, which reduces the energy bill for manufacturers.

RSI at 60 remains in neutral zone despite the rally, indicating the stock is not yet in a clear overbought configuration

The RSI remains in a neutral zone despite the rally, indicating that the stock is not yet in a clear overbought configuration. The price is significantly above its three moving averages: the MM20 at €65.17 is surpassed by 4.80%, the MM200 at €53.77 by more than 27%. This configuration confirms the bullish momentum in the medium and long term, fueled by a 116.8% increase over the year.

The MACD, however, shows an initial sign of fatigue, with a slightly negative histogram at -0.07 and the MACD line (0.39) below its signal line (0.46). The €69.70 resistance remains the technical level to watch in the upcoming sessions; breaking through could open new territory above the historical high from the end of May.