Rexel's Stock Rises Nearly 6% at Opening, Boosted by US-Iran Ceasefire

Impact of the US-Iran Ceasefire

The ceasefire announced on April 8 between the United States and Iran, which suggests a reopening of the Strait of Hormuz, triggers a strong upward movement on European stock exchanges. The prospect of a return to normalcy in global energy supply chains broadly benefits industrial stocks: Schneider Electric is up 8.21% and Airbus 6.33% during the session. Rexel, whose business in distributing electrical equipment is closely linked to the industrial cycle and the confidence of contractors, fully benefits from this surge in optimism. The stock now shows a performance of nearly 8% over seven days and 73.28% over a year, confirming a positive underlying trend beyond today's event. Both the CAC 40 in session and the SBF 120 (+4.20%) contribute to this overall movement affecting the entire Paris stock exchange.

Technical Analysis of the Day's Surge

Technically, today's surge pushes Rexel's stock price to 35.92 euros, above the upper Bollinger band limit set at 34.67 euros. This configuration signals a potential overbought situation: the stock is trading at 142% of the band, indicating a significant extension compared to its usual fluctuation range in recent weeks. The RSI, at 51, remains in the neutral zone, indicating that the buying pressure is not yet excessive on a broader basis. Moreover, the price is above its 50-day (35.05 euros) and 200-day (30.70 euros) moving averages, indicating an upward underlying trend. The next threshold to watch is the resistance at 37.07 euros: crossing this would confirm the continuation of the movement, while a pullback towards the support at 31.35 euros would constitute the first level of support in case of a decline.