Saint-Gobain Shares Lead CAC 40, Break Through Resistance at €79.76
The French construction materials manufacturer records the highest rise in the CAC 40 at close. The stock has broken through a technical resistance closely watched for several sessions, reinforcing the rebound that began in mid-June, following a period of strategic divestitures applauded by the market.
Saint-Gobain Takes the Lead in the CAC 40, Breaking Resistance at €79.76
Saint-Gobain climbs 3.26% to €79.84 and finishes at the top of the CAC 40, which itself has risen by 0.54%. The stock has broken through its session resistance at €79.76 and maintained above it at close, confirming the bullish momentum of recent weeks. This movement follows the rebound on June 15, where the stock had already jumped nearly 6% following the announcement of the divestiture of its Dahl activity to Kesko for €1.518 billion. The price has significantly surpassed its MM20 (€77.11) and MM50 (€77.04), with respective gaps of 3.5% and 3.6%, indicating a short-term trend recovery. However, the MM200 at €82.48 remains 3.2% above the current price, limiting the bullish outlook to a medium-term horizon. The RSI at 51 remains neutral, leaving room before reaching any tension zone.
Rebound Supported by 'Lead & Grow' Plan and Three-Month Recovery
The session is part of a fundamental dynamic: the stock has regained 6.06% over one month and 12.74% over three months, after a still challenging year (-14.77% over twelve months). The market validates the group's refocusing strategy, marked in recent weeks by the divestiture of Dahl in the Nordic countries and the divestiture of HKO, the high-temperature insulation activity, finalized in early June to a fund managed by Dubag. Both operations are part of the 'Lead & Grow' plan presented by management. The general context remains mixed, with a declining VIX at 18.33 (-5.95%) and central banks adopting a more restrictive tone since last weekend. The next technical threshold to watch is now the 200-day moving average at €82.48, whose crossing would mark a complete return to bullish territory.
