Métropole TV Shares Fall by 2.5% and Slide Among the Worst Declines in the SBF 120
The broadcasting group sinks further in the mid-afternoon, moving against the grain of a broadly rising SBF 120. The decline extends the negative streak started at the beginning of the week and brings the stock back to its technical support, as the momentum of the rebound observed in May seems to be fading.
The Stock Falls Below All Its Moving Averages, Losing 7.3% Over the Week
Métropole TV shares are trading at €11.74 during the session, down 2.33% from the previous close of €12.02. This movement brings the weekly loss to 7.27%, where the performance remains slightly positive over one month (+2.09%) and three months (+3.35%). The stock has fallen below its MM20 (€12.13, a gap of -3.22%), MM50 (€12.04, -2.49%) and MM200 (€12.05, -2.57%), three benchmarks now aligned above the price, indicating a bearish alignment in the short and medium term.
The RSI at 47 remains in the neutral zone, with no sign of seller exhaustion, while the support identified at €11.32 now serves as the next low reference, about 3.6% below the current price. The stock ranks among the strongest declines in the SBF 120, while the broader index gains 0.67% in the session.
A Bearish Sequence That Contrasts with the Underlying Dynamics and Market Context
Today's decline is part of a series of consolidation sessions for the Neuilly-sur-Seine channel, following the rebound that began in early June amid recurring rumors of a merger with TF1. The movement occurs as the Parisian market benefits from a supportive climate, with the CAC 40 at 8,441.83 points (+0.67%) and a VIX down by 8.5% at 17.84, indicating less nervousness in the equity markets. The underlying dynamics remain mixed: while the stock maintains a gain over the quarter, it has lost 6.23% over the year and is now trading below its three reference moving averages, a configuration not seen since the April low. The support at €11.32 will be the next technical level to watch to assess the strength of the lower zone.
