Michelin Shares Gain +3% and Rebound Above 30 Euros
The stock of the Clermont-based manufacturer marks one of its best sessions in several weeks, moving back above the symbolic threshold of 30 euros. This rebound occurs in a context of a generalized recovery of the Paris stock exchange, while the recent surge in oil prices above 115 dollars per barrel continues to impact the visibility of the broader automotive sector.
Michelin Shares Rise in Favorable Market Dynamics
Michelin shares increased by 2.96% during the session, reaching 30.06 euros, after closing at 29.19 euros the previous day. The stock now shows a weekly gain of 4%, although it is still down 7.27% year-on-year. This movement is part of a favorable dynamic on the CAC 40, which rose by 2.08% during the session to 7,979.73 points. The SBF 120 follows the same trend, up by 2.10%. Other major industrial stocks are also participating in this rebound: Schneider Electric is up 4.36% and Airbus has gained 3.41%. However, the market environment remains marked by high stress, as evidenced by the VIX volatility index, which stood at 31.05 points at the close of Friday, March 27, up more than 13% in one session. The spike in Brent crude beyond 115 dollars a barrel, triggered by the military escalation in the Middle East with the entry into war of the Houthis and the deployment of additional US troops, represents a significant uncertainty factor for companies exposed to transportation costs and oil-based raw materials, like Michelin.
Stock Still Below Key Moving Averages
Despite the day's increase, the stock is still trading below its main moving averages. The price of 30.06 euros remains below the 50-day moving average of 31.47 euros and is just under the 200-day moving average of 30.36 euros. A sustained crossing of this latter threshold would be a reversal signal to watch, but it has not yet been confirmed. The RSI, at 40, indicates a still moderate momentum, without overbought or oversold zones, reflecting a stock in a consolidation phase rather than in a true upward trend. The next important event that could provide new catalysts is the publication of the first quarter 2026 sales, scheduled for April 29. The general assembly is also planned for May 22. Until then, the evolution of the stock price will depend particularly on the ability of the stock to sustainably stay above its long-term moving average and on the trajectory of energy prices, which directly affect the group's production costs.
