Renault Shares Drop 1.72% to €27.46, Down 42% Over One Year
Renault's stock falls 1.72% to €27.46 as the market nears closing, with the CAC 40 down 1.03% at 7,973 points. The diamond-logo automaker marks a second consecutive session of decline, with a 7.07% drop for the week. Additionally, net short positions reported to the AMF have increased over thirty days.
Deteriorated Technical Setup, Below All Supports
Renault's stock is now trading below the lower Bollinger band at €28.27, indicating potential overselling. The price is also below the 200-day moving average at €32.90 (a -16.53% deviation), confirming the medium-term trend deterioration. The RSI at 37 reflects seller exhaustion in recent sessions, without entering an oversold zone. The €27.94 threshold, which served as support, was breached during the session. The stock is now down 42.38% over the year and 12.83% over three months. Selling pressure is also evident in AMF declarations: 3.98% of the capital is in net short positions, declared by four funds including Marshall Wace (1.34%), Kintbury Capital (1.25%), and BlackRock (0.87%). This cumulative short position has increased by 0.72 points in thirty days.
Busy Product Schedule, Valuation at 4 Times Earnings
This Tuesday at Roland-Garros, the group unveiled the Renault 4 JP4×4 Concept, an all-wheel-drive electric 4×4 presented as a leisure and beach vehicle. This announcement follows a busy commercial period, after the expansion of the Clio range in early May and the launch of the fifth edition of the employee share ownership plan with a 30% discount. In terms of volumes, the group's registrations in France fell by 5.27% in April, to 45,325 units. In terms of valuation, the stock is trading at about 4 times the expected earnings for the current fiscal year, compared to an average of 14.2 times for the Consumer Discretionary sector according to the consensus of fourteen analysts. Expected year-over-year EPS growth is 4.8%. The next financial calendar event is the publication of the first half of 2026 results on July 30.
