Orange Stock Hits a 5-Year High at €18.39, Defying the CAC 40
The telecom operator's stock rose 0.52% to €18.3450 mid-morning and reached €18.39 during the session, a five-year high (previous record: €18.38). Today's increase goes against the trend of a CAC 40 that is down 0.62%. Over one year, the gain exceeds 45%.
A New Five-Year Peak at €18.39
Orange reached €18.39 during the session, narrowly surpassing the previous record of €18.38. The current price has settled at €18.3450, slightly below this intraday peak. The stock ranks in the top half of the CAC 40 this Tuesday (7th out of 40), while the Paris index is down 0.62% and the SBF 120 loses 0.61%.
The weekly increase is 3.73%, and the annual gain amounts to 45.08%. This movement continues the momentum from the previous day, where the stock had risen 1.82% to €18.16. As a reminder, Goldman Sachs had upgraded its rating to 'buy' with a target of €21.60 on May 5th, and BNP Exane had set a target of €20.50 in mid-April.
Price Above All Moving Averages
The price is above the upper Bollinger Band limit (€18.26), indicating a potential overbought condition. However, the RSI at 58 remains in the neutral zone, suggesting a gradual rather than a hasty rise. The resistance at €18.25, which had been tested extensively in recent weeks, has been breached.
The stock is positioned 3.53% above its 20-day moving average (€17.72) and 20.93% above its 200-day moving average (€15.17), indicating a well-established upward trend over several months. The negative beta of -0.17 illustrates the stock's defensive behavior in a declining Paris market. The next key date in the financial calendar is the mixed general meeting on May 19, 2026.
