Mercialys stock breaks through its 11.30 € support level and slides below its moving averages
The commercial real estate company is experiencing a marked decline during the session, in a Paris market itself oriented downward. The stock has crossed a monitored technical threshold and is thus accelerating its retreat that has been underway for several weeks.
A support level broken during the session and three moving averages crossed downward
Mercialys is down 2.8% to 11.12 € during the session, while the CAC 40 is losing 1.12% and the SBF 120 is declining by 1.05%. The movement is clear: the stock has broken through its support level at 11.30 € and remains below it, settling clearly beneath its three moving averages. The 20-day MA is at 11.67 €, the 50-day MA at 11.70 € and the 200-day MA at 11.48 €, representing respective gaps of -4.71%, -4.96% and -3.14% relative to the current price.
The RSI at 40, still above the oversold zone, reflects a selling pressure that has accelerated without reaching extreme exhaustion levels. Over the week, the stock is down 2.11% and has declined 5.44% over one month, confirming a progressive bearish dynamic since early August. With a ranking of 109th in the SBF 120, the security is among the index's strongest decliners during the session.
Solid half-year results but contained valuation in a challenging market context
Today's decline comes in the wake of the publication of first-half 2026 results at the end of July. The half-year accounts, published on July 28, showed recurring net profit up 4.1% to 64.1 M€ and EBITDA up 4.8%, which led management to raise its annual guidance for recurring net profit and dividend. These positive figures are not sufficient to offset market pressure, particularly in a context where rent indexation remains virtually flat at +0.1%, limiting automatic growth leverage, and where the debt ratio stands at 41.9% of assets including rights. The positive reversion of +2.3% does indeed take over from indexation, but the market is factoring these elements into an already low valuation: according to the consensus of surveyed analysts, the stock is trading at approximately 8.4 times expected earnings for the current fiscal year, with earnings per share growth projected at +1.6% for the following fiscal year. The resistance level at 12.10 € now represents the first hurdle to overcome to initiate a return toward the moving averages.
