MR Bricolage Shares Hit Lowest Since 2020 at €4.75, Down 33% Over the Year
MR Bricolage shares hit a new low since the Covid crisis on Wednesday, March 11, dropping to €4.75 before slightly rebounding to €4.94, marking a 4% increase from the previous day. This record low comes amid a prolonged decline, with the stock losing nearly 33% over the past year and more than 12% in the last three months.
Market Context and Immediate Recovery
The DIY retailer's share price fell to €4.75 during the session, setting a new six-year low, previously established the day before. MR Bricolage then climbed to €4.94 in the afternoon, showing a technical rebound of 4% compared to Tuesday's closing price. However, this movement only slightly corrects the significant decline accumulated over the past year. The market context offers little support, with the CAC 40 down 0.64% during the session at 8,006 points, while the DAX loses 1.58%. The SBF 120, which includes many mid-cap stocks, is down 0.63%. Additionally, the VIX, a market volatility indicator, stands at 29.49, indicating a high level of tension that weighs on the overall market.
Technical Analysis of the Stock
From a technical standpoint, the stock is significantly below its main moving averages: the current price of €4.94 compares to a 50-day moving average of €5.57 and a 200-day average of €7.01, reflecting the depth of the bearish trend over recent months. The RSI (Relative Strength Index, which measures the speed and magnitude of price changes) is at 24, indicating a pronounced oversold zone: a level below 30 typically signals excessive selling pressure, which can precede technical rebounds but does not necessarily indicate a sustainable reversal. The key support level is precisely at €4.75, the level tested during the new daily low. On the upside, the identifiable resistance lies at €5.90, nearly 19% above the current price, illustrating the extent of the recovery needed to establish a less deteriorated dynamic.
