Soitec Rebounds by 3.54% Mid-Session on the Paris Exchange
The share price of the Isère-based semiconductor substrate manufacturer rose by 3.54% this Wednesday, November 12, in mid-session trading, reaching 38.27 euros after closing at 36.96 euros the previous day. This recovery occurs in a supportive market, with the CAC 40 up by 1.15% at 8,250.09 points.
Market Performance and Technical Indicators
The share of capital traded remains limited to 0.13%, indicating moderate activity. Over the week, the stock has recorded a slight decline of 0.88%, while the past quarter shows a gain of 2.05%. However, the annual performance remains significantly negative, with a decrease of 45.48%, sharply contrasting with the CAC 40's rise of 11.08% over the same period. The 50-session moving average is at 38.39 euros, slightly above the current price, while the 200-session moving average remains at 46.26 euros, 17% above this Wednesday's price. This gap illustrates the persistent downward trend over several months. The RSI is at 35, indicating an oversold zone where the stock might find technical support. This indicator suggests that some sellers have exited the market, potentially paving the way for a short-term rebound. The MACD histogram remains negative at -0.54, confirming that the medium-term momentum is still unfavorable despite today's rise. The support threshold is positioned at 36.79 euros, very close to yesterday's low, while major resistance is at 45.50 euros.
Recent Developments and Upcoming Events
Last week, Goldman Sachs reported to the AMF that it had crossed downwards the threshold of 5% of voting rights on November 3, retaining 6.39% of the capital and 4.99% of voting rights. This share sale occurs as the banking group adjusts its position on the file. In early October, Soitec also announced the upcoming departure of its CEO Pierre Barnabé for personal reasons, which then triggered a rise of more than 5% in the stock. The partnership with the CEA on automotive cybersecurity through FD-SOI technology, announced on October 20, was also well received by the market. Soitec will publish its second-quarter 2025-2026 results on November 19, a deadline awaited by investors after a disappointing first quarter of 92 million euros, down 16% organically. The group is going through a prolonged correction phase, impacted by destocking in mobile telephony, its main historical outlet. The diversification towards electric vehicles with SmartSiC and photonics for artificial intelligence remains at the heart of the recovery strategy.
Technical Context and Investor Sentiment
The technical context remains fragile for Soitec. The one-month volatility stands at 17.20%, a high level reflecting investor uncertainty. The negative beta of -0.04 indicates a very low correlation with the CAC 40, which may limit the impact of rises in the Parisian index. The Chaikin Money Flow (CMF) indicator shows -0.13, signaling recent capital outflows weighing on the file. In this context, the publication of the results on November 19 will be crucial to confirm or refute the rebound started this Wednesday. Investors will particularly scrutinize the evolution of the second-quarter revenue and the outlook for the second half, after several downward revisions of medium-term targets. The market awaits tangible signals on the recovery of business dynamics, especially in the new growth drivers identified by the group.
