Michelin Shares Rise at Close Despite Ongoing Uncertain Context
Michelin shares closed Monday, December 29, 2025, session up 1% at 28 euros, after opening at 27.94 euros. Trading volumes remained modest with only 0.05% of capital traded. This slight increase occurs in a context that remains tense for the tire manufacturer, penalized for several months by the collapse of the North American market.
Marginal Increase in Michelin Stock
Michelin stock displayed a marginal increase of 0.86% this Monday, reaching 28.18 euros, a gain of 24 cents from Friday's close. This daily performance contrasts with the underlying trends: the stock has declined by 0.53% over seven days, 8.77% over three months, and nearly 12% over a year. The price is now just above the 50-day moving average, at 28.02 euros, indicating an attempt at stabilization. However, the distance from the 200-day moving average, at 30.82 euros, reflects the structural degradation of the stock since October, when the group abandoned its 2026 targets due to falling demand in North America. Michelin repurchased 354,772 ordinary shares on December 19, 2025, as part of its ongoing program, indicating that the group maintains its capital management policy.
Technical Indicators Show Neutral Zone
The Relative Strength Index (RSI) stands at 49, in a perfectly neutral zone, reflecting the absence of significant buying or selling pressure. The support threshold at 27.06 euros remains distant, while resistance looms at 28.95 euros, limiting the immediate upside potential. The MACD remains negative but is above its signal line, suggesting that the trend could change if the indicator crosses the zero line. One-month volatility remains moderate at 2.83, suggesting a waiting phase before the publication of the annual results scheduled for February 11, 2026. Recent analyst recommendations have deteriorated: UBS and Morgan Stanley lowered their target to 30 euros at the beginning of December, while downgrading its recommendation to market weight.
