Nexity Shares Gain 5% After Weeks of Decline
The real estate developer's stock rose by 5.23% this Wednesday, reaching 8.35 euros in a generally positive Parisian market. This rebound comes after several weeks of decline, with the stock having lost nearly 7% over three months and almost 15% over a year. The upcoming publication of the first quarter business activity, expected on April 23, is the next major event for shareholders.
Positive Session in Parisian Market
Nexity's progress is part of a favorable session in the Parisian market, with the CAC 40 up by 2.12% at 7,982.50 points, while the SBF 120 gains 2.14%. Other stocks related to the construction and infrastructure sector are also benefiting from this momentum: Vinci is up by 2.69% and Schneider Electric appreciates by 4.36%. The developer's stock had reached levels close to its support threshold at 7.73 euros in recent weeks before rebounding. Over the past week, the stock now shows a gain of 6.17%, indicating a significant recovery after the recent decline.
This upward movement occurs in an environment of high volatility on international markets, with the VIX reaching 31.05 points at its last available close, a level indicative of pronounced stress. Nexity's rebound thus occurs in a context where investors face significant macroeconomic uncertainties, particularly related to geopolitical tensions in the Middle East and surging energy prices.
Mixed Technical Situation for Nexity
Despite the day's rebound, Nexity's chart situation remains mixed. The price, at 8.35 euros, is still below its 50-day moving average (8.57 euros) and significantly below its 200-day moving average (9.33 euros), indicating that the underlying trend remains bearish. The RSI, at 46, is in neutral territory: it neither signals overselling nor overbuying, reflecting a market uncertain about the direction to take.
The stock is also flirting with the upper Bollinger band, positioned at 8.37 euros. A sustained crossing of this level could pave the way towards the technical resistance identified at 9.54 euros, but the absence of an immediate fundamental catalyst calls for caution. The next element likely to change the situation will be the communication on business activity and revenue for the first quarter of 2026, scheduled for April 23, followed by the general meeting set for May 21. These deadlines will provide an updated reading of the real estate group's operational trajectory.
