Nexans Shares Drop Below Key Averages at 114.80 Euros, Down 3.2%

Performance Below Moving Averages

Nexans' stock price is now well below its 50-day and 200-day moving averages, which are located at 125.27 euros and 124.18 euros, respectively. This drop below these medium and long-term benchmarks indicates a weakening of the bullish trend that had driven the stock over the year, during which the performance remains positive at 24.71%. Over the last three months, the correction reaches 8.74%, and the weekly decline is 3.77%. The nearest support level is at 112.60 euros, a level that the stock has not recently tested but whose proximity may attract attention. The RSI, at 49, remains in the neutral zone, which does not indicate any bullish excess or marked overselling but confirms the lack of a clear directional dynamic at this stage. The publication of the first quarter 2026 results, scheduled for April 28, is the next major deadline that could provide a catalyst for the stock.

Paris Session Marked by Sharp Decline

This Thursday's Paris session is characterized by a sharp decline in indices. The CAC 40 is down 1.25% during the session, at 7,881.52 points, while the SBF 120 loses 1.26%. Several industrial stocks join Nexans in its decline: Schneider Electric is down 4.33% and Airbus drops 2.79%. This movement occurs as the escalation between Washington and Tehran revives uncertainty on global markets. The Iranian denial of a ceasefire request, followed by new reciprocal threats between the two parties, caused a sharp rebound in Brent crude above 108 dollars, up more than 6% in twenty-four hours. The surge in oil prices weighs on the cost outlook for the entire European industrial sector, including cable manufacturers. The VIX, an indicator of implied volatility, was at 25.25 points at the close of March 31, a level that reflects high tensions in the equity markets. This risk aversion context indiscriminately affects cyclical values of the Paris stock exchange.