Renault Shares Soar Nearly 4%, Leading the CAC 40

A Marked Rebound Positions the Stock at the Head of a Downward Trending CAC 40

Renault shares gain 3.91% to €26.06 in mid-morning trading, while the CAC 40 drops 0.34% to 8,375 points. The manufacturer marks the highest rise in the Parisian index, ahead of Airbus (+2.46%) and Thales (+2.31%). Today's movement follows a heavy stock market journey: the stock remains down 11.93% over a month and 33.4% over a year, after hitting a record low since 2022 in mid-June. Published this morning, the French registrations for June show a market up by 8.4%, with the Renault Group progressing slower (+1.94%). The session context is more favorable to cyclical values, in an environment where Brent is down 10.2% over nine sessions, a mechanical easing of fuel costs for the automotive sector.

A Technical Rebound in an Oversold Zone, While Bearish Bets Remain High

From a graphical perspective, the stock rebounds from the €25.08 zone, which represents its recent support. The RSI at 33 has just emerged from an oversold phase, accompanying today's rebound without erasing the underlying trend: the price remains 3.34% below its MM20 (€26.96) and nearly 8% below its MM50 (€28.31). The gap with the MM200 (€31.90) still reaches 18.31%, indicating that a sustained return above medium-term benchmarks remains to be confirmed. According to statements reviewed, five funds accumulate a net short position of 5.36% of the capital, up 0.34 points over thirty days. A level that reflects a structurally high selling positioning on the stock, without recent excitement. Based on the expected earnings per share, the stock is priced at about 3.8 times the results of the current fiscal year according to the consensus of surveyed analysts. The resistance at €29.84 remains the next graphical benchmark to watch.