Mersen Shares Drop 18.5% Over a Month, Breaking Support at €37.12

The Stock Breaks Its Support at €37.12 and Moves Away from Its Short-Term Moving Averages

Mersen shares are down 2.16% at €36.32 during the session, while the SBF 120 index is down 0.42%. The stock broke through its support at €37.12 in mid-morning and remains below this threshold, extending the consolidation phase that began in early July. The price is now below the MM20 (€39.96) and MM50 (€39.99), with a gap of about 9% in both cases, while the MM200 (€28.49) still offers a comfortable cushion of over 27%.

The RSI at 41 indicates a selling pressure that is setting in without tipping into oversold territory, consistent with the 18.57% decline over a month. The stock is among the biggest declines in the SBF 120 this morning.

A Pullback That Dampens an Annual Performance Still Over 65%

Despite the ongoing correction, the stock still shows a gain of 36.13% over three months and 66.99% over a year, indicating a fundamentally strong trajectory. Today's movement follows the pattern of previous sessions, characterized by technical back-and-forth after the spring rally. The arbitrages observed since the end of June reflect recurring profit-taking on a stock that had doubled over twelve months. The break of the support at €37.12 now positions the MM200 at €28.49 as the next medium-term technical reference, in a context of a European market weighed down by debates on the American monetary trajectory and tensions in the oil market.