Renault Shares Drop 2.87% to €27.78, Falling Below All Technical Supports
Renault's stock declines by 2.87% to €27.78 at midday, among the top 5 largest drops in the CAC 40, which is down 0.97% at 8,034 points. The diamond logo company ranks 39th out of 40, just ahead of LVMH (-3.6%). Over the year, the stock has fallen by 41.71%.
Below All Moving Averages, Oversold Signal on Bollinger Bands
Renault is now trading below its three moving averages: MM20 at €30.66, MM50 at €29.77, and MM200 at €32.93, with a gap of -15.64% from the latter. The price has moved below the lower Bollinger band (€28.78), a configuration that indicates potential overselling. The RSI at 40 remains neutral, not reaching the 30 zone. The support at €28.16 was breached during the session, opening a technical gap towards the year's lows. The selling pressure is confirmed by the AMF declaration on May 6: net short positions reach 3.98% of the capital, up 0.72 points over thirty days, driven by Marshall Wace, Kintbury Capital, and BlackRock. Over the week, the stock has lost 6.69%, erasing the rebound recorded on May 6 at €31.42 following the relaxation of Brent.
Depressed Valuation and Clear Schedule Until End of July
Based on the consensus of analysts (14 contributors, updated on May 6), Renault is trading at approximately 4 times the expected earnings for the current fiscal year, compared to an average of 14.5 times for the Consumer Discretionary sector. The expected EPS growth from one year to the next is estimated at +4.8%. On the commercial volume side, the group's registrations in France fell by 5.27% in April to 45,325 units, after a strong increase in March. The first quarter revenue published on April 23 showed an increase of 7.3% to €12.53 billion, but Dacia was down by 16.3%. The financial calendar has no more appointments until the publication of the first half 2026 results, expected on July 30.
