Nexity Shares Drop 5.4% Despite a 55% Potential Upside According to Oddo BHF
Nexity's stock experienced a sharp decline of 5.4% this Monday, trading at 9.02 euros after closing at 9.54 euros on Friday. This correction occurs paradoxically on the same day Oddo BHF reiterated its confidence in the real estate developer. Over the year, the stock has seen a decline of over 15%.
Oddo BHF Updates Its Recommendation on Nexity
This Monday, Oddo BHF updated its recommendation on Nexity, maintaining an 'outperform' rating while lowering its price target from 14.80 to 14.00 euros. Despite this downward revision, the target set by the research firm implies a revaluation potential of over 55% compared to the current price of 9.02 euros. However, this positive signal was not enough to counteract the selling pressure observed at the beginning of the week on the listed developer's stock. The financial calendar for the coming weeks could provide new catalysts: Nexity will publish its business activity and revenue for the first quarter of 2026 on April 23, before its annual general meeting scheduled for May 21.
A 5.4% Drop Brings Nexity Below Its 200-Day Moving Average
The 5.4% drop recorded this Monday brings Nexity's share price below its 200-day moving average, located at 9.50 euros, a threshold that the stock had managed to reclaim in recent weeks. This downward crossing is an unfavorable signal from a graphical analysis perspective, suggesting a return of the medium-term downward dynamic. However, the price remains above its 50-day moving average, positioned at 8.92 euros, which now acts as the first level of technical support. The RSI, an indicator measuring the speed of price changes, is at 62, still far from the overbought threshold conventionally set at 70. Monthly volatility reaches 11.35%, reflecting significant fluctuations in the stock. Regarding key levels, the major support is positioned at 8.15 euros, while the nearest resistance is at 10.01 euros, above the recent top of the upper Bollinger band at 9.56 euros.
