Renault Continues Its Decline Mid-Session Despite Bernstein's Upgrade
Renault's stock falls by 0.93% to 32.90 euros this Thursday, January 15, at mid-session, trading in a technical oversold zone with an RSI at 25 points. Bernstein has raised its price target from 42 to 43 euros while maintaining its outperform rating, amidst a mixed consensus among analysts.
Ongoing Downtrend in Renault's Stock
Renault's shares are trading at 32.90 euros this Thursday, January 15, mid-session, down by 0.93% compared to the previous day's close at 33.21 euros. The stock continues a downward trend that started several weeks ago, showing a decline of 5.13% over seven days and 29.49% over a year. The price is now significantly below its reference moving averages: it is 6.61% below the 50-day moving average set at 35.23 euros and 13.08% under the 200-day moving average at 37.85 euros, confirming a deterioration in the underlying trend. The stock is currently testing its support threshold at 33.21 euros, while the resistance at 37.40 euros remains distant. This technical configuration places the stock in a defensive position, with investors remaining cautious ahead of the 2025 fiscal year results expected on February 19. The RSI stands at 25 points, placing the stock in a distinctly oversold zone and suggesting a technical rebound could occur if this situation persists. This reflects a rapid correction after several weeks of continuous selling pressure on the European automotive sector.
Bernstein Raises Price Target Amid Mixed Analyst Views
This Thursday, January 15, Bernstein raised its price target on Renault from 42 to 43 euros while maintaining an outperform recommendation, indicating analyst Stephen Reitman's confidence in the manufacturer's prospects for 2026. This adjustment follows HSBC's revision on January 13, which lowered its target from 47 to 46 euros while keeping a buy recommendation. However, the consensus among analysts remains mixed following the negative recommendation from Oxcap Analytics on January 8, setting a price target at 34 euros with an underweight recommendation, close to the current price. The MACD shows a negative configuration with a MACD line at minus 0.54 and a signal line at minus 0.22, while the histogram is at minus 0.32, confirming the absence of short-term bullish momentum. The Bollinger Bands frame the stock between 32.93 euros for the lower boundary and 37.59 euros for the upper boundary, with the price currently near the lower limit, indicating moderate volatility but a defensive positioning. In this weakened technical context and with diverging analyst recommendations, investors remain attentive to the group's upcoming financial events that could clarify operational perspectives and potentially catalyze valuation.
