Mersen Shares Drop 18.5% Over a Month, Breaking Support at €37.12
The French specialist in advanced materials and electrical solutions continues its correction in mid-morning trading, in a declining Parisian market. The stock remains under pressure after an exceptional stock market performance over several months, now tempered by repeated technical arbitrages since the end of June.
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.
