Métropole TV Shares Decline by 2.5% and Fall Below Moving Averages

The Stock Is Below Its Three Moving Averages in a Cautious Paris Market

Métropole TV shares fall by 2.62% to €11.88, down from €12.20 the previous day. The stock falls below its MM20 (€12.11, a gap of -1.90%), MM50 (€12.04), and MM200 (€12.05), three thresholds now grouped around €12, forming a coherent technical ceiling. The RSI at 51 remains neutral, indicating no extremes, while the identified support at €11.32 is about 4.7% below the current price.

The session takes place in a cautious Paris market, with the SBF 120 gaining 0.25% while Wall Street had closed lower the previous day (Nasdaq -2.21%, S&P 500 -1.44%). Over a week, the stock loses 5.86%, bringing the one-month performance to just +3.3%. Today's consolidation follows the decline already reported in the brief from June 18, and extends the pause that began at the levels reached in early June.

Merger Talks with TF1 Continue to Influence Stock Performance

The backdrop for the stock remains marked by rumors of a merger with TF1, which had boosted the stock by 8% on June 8. This issue, subject to the regulatory constraints of the broadcasting sector, forms the structural background of Métropole TV's movements since the beginning of the month. The session on June 12 had already seen the stock lose 3% after this surge, illustrating the sensitivity of the issue to the lack of official confirmation.

In today's session, Métropole TV drifts away from the leaders of the SBF 120, where Air France-KLM leads with a +6.67%, without however being among the index's biggest losers (Exosens, at the bottom, loses 8.02%). The €12 zone (around the three moving averages) remains the technical reference to follow, with the support at €11.32 marking the lower boundary of the recent trading range.