Renault Shares Bounce to €28.47 but Still Down -42% Year-on-Year
The diamond-shaped logo manufacturer's stock is regaining some color in mid-afternoon trading, after two sessions of significant decline. The movement occurs in a well-oriented CAC 40, which is up 0.74% at 8,067 points. However, the stock is still down -7.26% for the week, and nearly 42% over twelve months.
Technical Rebound from the Bottom of the Bollinger Band After Two Sessions of Decline
Renault's stock is up 1.32% at €28.47 during the session and is among the top gainers in the CAC 40, in a session notably driven by Stellantis (+2.81%) and STMicroelectronics (+3.1%). The stock is recovering from the bottom of the Bollinger bands, where it positioned itself at 19% of the range, just above the lower boundary at €27.45. This level coincides with the technical support identified at €27.55, already tested yesterday when the price had dropped to €27.46 according to our latest brief. The RSI at 40 is gradually exiting the oversold zone, but the stock remains below its three moving averages. The gap to the MM200 reaches -13.31%, indicating a still negative underlying trend despite today's rebound.
Increase in Short Positions and Highly Discounted Valuation Compared to the Sector
According to reviewed statements, the cumulative net short positions on Renault reach 4.26% of the capital, declared by four funds. This selling pressure has increased by one point over thirty days (3.26% a month ago). Marshall Wace (1.34%), Kintbury Capital (1.25%), and BlackRock Investment Management UK (0.87%) are among the main participants. In terms of valuation, the stock is trading at about 4.1 times the expected earnings for the current fiscal year, compared to 14.6 times on average for the Consumer Discretionary sector (consensus of 14 analysts, updated 06/05/2026). The expected EPS growth from one year to the next is +4.8%. As a reminder, the group had published its first quarter revenue on April 23, at 12.53 billion euros (+7.3%), a release followed by a decline in the stock of 3.6% the next day. The next appointment is set for July 30 with the results for the first half of 2026.
