Orange Stock Sets a New Record at €18.23 Despite a Celebratory CAC 40
The telecom operator's stock reached a new high since 2010 early in the session at €18.23, surpassing the previous peak of last February 19. The stock price settled at €17.975 in early trading, slightly down by 0.14% from the previous day, amidst a strong Parisian market with the CAC 40 jumping 4.28% during the session.
Orange Breaks Through with a New 16-Year High
This morning, Orange's stock crossed the threshold of €18.23, setting a new 16-year record. This peak reflects a particularly sustained underlying trend: the stock has shown a growth of 24.35% over three months and more than 50% over a year, figures that represent a remarkable journey for a company long considered as a yield value with moderate growth. Technically, the stock price is now above the upper Bollinger band limit (€17.97), a configuration that signals a potential short-term overbuy. The RSI, at 67, is close to the overheating zone without having crossed it yet, confirming the strength of the bullish movement while calling for caution. The most immediate technical resistance is at €18.19, a level briefly exceeded this morning before a slight pullback.
Major Upcoming Event for Orange on April 23
The next major event for Orange is scheduled for April 23 with the publication of the first quarter 2026 results, an event that could guide the stock in the coming weeks. Investors will then have new elements to assess the operational trajectory of the group, after a stock market year that saw the course progress by half. The slight decline observed this Wednesday contrasts with the general atmosphere on the Parisian square. The CAC 40 is vigorously up by 4.28% during the session, as is the SBF 120, which gains 4.20%. In the telecom sector, dynamics differ: Bouygues shows an increase of 4.51%, while Nokia loses 0.54%. Orange's very low beta (0.04) recalls the historically low correlation of the stock with overall market movements, partly explaining this discrepancy with the surrounding euphoria. The contained monthly volatility, at 5.77, reinforces the defensive profile of the stock, even though breaking a long-term record marks a departure from the image of a stagnant stock.
