Michelin share breaks below its 33.05 € support during the session
The Clermont-based tire manufacturer is among the weakest performers in the CAC 40 in early afternoon trading, in a declining Paris market. The decline is accompanied by a technical breakout, as the stock was already down over the week and the month.
The 33.05 € support gives way and the share falls below its 20 and 50-day moving averages
The price of Michelin stock is down 1.82% at 32.96 €, following a close at 33.57 € the previous day. During the session, the share broke through its 33.05 € support level and remains below it. It is also trading below its 20-day moving average (33.48 €, a deviation of -1.55%) and below its 50-day average (34.14 €, a deviation of -3.46%). The 200-day average, at 32.37 €, remains above the current price, with a deviation of +1.82%.
Over seven days, the share has lost 2.34%, and the decline reaches 4.38% over one month. This movement places Michelin in the lower part of the CAC 40, while the index is down 0.87%. The group had already seen its 34.01 € support break in early September, in a similar Paris market context. The RSI at 48 remains neutral and signals neither seller exhaustion nor overbought conditions.
A biobased monomer in Somme and a Michelin Guide Dubai as company news
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On the company side, Michelin ResiCare announced on October 7 the installation, at the Ajinomoto site in Somme, of a first production line manufacturing through fermentation an aromatic monomer previously derived from petrochemistry. The facility is expected to start operations in early second quarter 2027. The group also presented the fifth edition of its Michelin Guide Dubai, where Orfali Bros receives two stars.
During its first half 2026 results, published on July 27, the group cited among its risks an unfavorable currency effect of 3.1% on revenues and original equipment markets still depressed. The Michelin brand, however, showed volumes up 5% in replacement tires. Support from the 200-day average, at 32.37 €, is situated at approximately 1.8% below the current price.
SectorAutomobile et mobilité›Équipementiers automobiles
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 19 175 millions d'euros
Quarterly revenue: 19 175 millions d'euros
Revenue growth: -0,5 %
Guidance from the release
Michelin confirms its full-year guidance, targeting growth in segment operating income at iso-forex and iso-scope compared with 2025, and over €1.6 billion in free cash flow before M&A.
Risks mentioned
Faiblesse persistante de la Première monte, qui fait reculer les volumes pneumatiques du Groupe de 0,8 % à fin septembre, en particulier en Tourisme Camionnette en Europe et en Amérique du Nord (en Chine, les ventes du Groupe progressent sur un marché en recul de 7 %)
Concurrence des pneumatiques importés à bas prix, notamment d'Asie, qui pèse sur les marques Tier 2 en Amérique du Nord, Tier 3 dans les principales régions et sur le Poids lourd en Amérique du Sud
Faiblesse persistante des Convoyeurs, liée à la prudence des clients miniers en matière de dépenses et à la faiblesse du marché du minerai de fer, notamment en Australie
Opportunities identified
Expansion de Polymer Composite Solutions soutenue par les acquisitions de Cooley Group, Flexitallic et TexTech en 2026 (chiffre d'affaires +21,9 % publié, -2,7 % hors effet de périmètre à cause des Convoyeurs)
Activité Mines en croissance, avec des gains de parts de marché, qui compense la pression sur le Hors-la-route (segment Spécialités -0,9 % publié, +0,4 % à périmètre comparable)
Dynamique positive de la marque MICHELIN en Remplacement avec volume de +4% en fin septembre
Outlook / guidance
Management commentary: Michelin confirms its full-year guidance, targeting growth in segment operating income at iso-forex and iso-scope compared with 2025, and over €1.6 billion in free cash flow before M&A.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
