Métropole TV Shares Decline by 1.5%, Rebound Takes a Pause
Métropole TV shows a downturn at mid-session, after several weeks of rebound that had brought the stock above its moving averages. Today's drop occurs in a cautious Parisian market environment, amid monetary tensions in the United States and a retreat in Brent crude prices.
The stock gives back some of its monthly gains but remains above its moving averages
Métropole TV shares fell by 1.74% to €12.44, after closing the previous day at €12.66. The decline partially erases the monthly progress, which still stands at +7.06% over thirty days and +8.55% over the quarter. The stock remains above its three moving averages: the MM20 at €11.93 (+4.27%), the MM50 at €12.03 (+3.41%), and the MM200 at €12.06 (+3.15%), an upward alignment that is not questioned by today's session. The RSI at 65 indicates a still tense dynamic after the recent rally, without reaching the overbought zone. The reference support is located at €11.30, about 9% below the current price, while the resistance at €12.84 remains within reach.
Rumors of a merger with TF1 in the background, stable Parisian market
Today's downward movement extends that which began on June 12, when the stock had already lost 3% following the rebound fueled by reports from Le Parisien about a possible merger with TF1. The case remains pending on the regulatory constraints of the French audiovisual sector, with no official progress communicated at this stage. The market context is not supportive: the CAC 40 is stable at 8,430.5 points, the SBF 120 loses 0.07%, while the American markets had ended sharply lower the previous day (Dow Jones -0.98%, S&P 500 -1.21%, Nasdaq -1.34%), penalized by the Fed's status quo with a hawkish bias on rates. At midday, the stock is trading at the upper end of its technical corridor, near the €12.84 resistance.
