Rexel share rebounds 2% and posts one of the strongest gains on the SBF 120
Rexel rebounded sharply during Wednesday's session in a well-oriented Paris market, after breaking its technical support level earlier in the week. The recovery brings the share back into contact with its short-term moving average, amid a busy day for global markets with the Fed's monetary policy decision expected.
A rebound that places Rexel among the strongest gainers on the SBF 120
The Rexel share gained 2.14% to €36.28 during the session, ranking among the strongest gainers on the SBF 120 while the index itself advanced 0.45%. The rebound comes after Monday's decline, which saw the share break its support at €35.40, and contrasts with the still-negative weekly trend: over a seven-day rolling period, performance remains in negative territory at -4.4%. Over one year, however, Rexel shows nearly 30% in gains, a sign of underlying momentum that has withstood recent consolidations. Today's move occurs in a session where the CAC 40 gained 0.42%, while Wall Street closed in the red on Tuesday, with the Dow Jones losing 0.85% and the S&P 500 declining 0.37% at their respective closes.
Rexel at its 20-day MA contact, between support level and €37.95 resistance
The advance brings the share into immediate contact with the 20-day moving average (MA20 at €36.13), with a gap of only +0.42%, making it a key level to confirm. Conversely, the share remains below its MA50, which stands at €36.92, representing a gap of -1.73% to overcome to reach a more solid configuration. The MA200, at €35.84, serves as a floor under current prices. The RSI at 44 remains in neutral territory, with no signal of excess in either direction.
The €37.95 resistance represents the next level to watch: it was precisely on this level that the share had hit a wall in early September, after reaching an intraday high of €38.25. In the meantime, the group had raised its 2026 objectives when publishing its first-half results on July 27, 2026, with record order backlog and digital sales now representing 35% of revenue. However, the sector context remains challenging: the construction climate in France shows an indicator at -18.2 in August and housing permits are declining 8% over twelve months, two figures that structurally weigh on demand for the electrical equipment distributor.
