Soitec Shares Bounce Back 3.4% After a Tough Month
The Isère-based semiconductor substrate specialist is gaining ground mid-morning, following a slowdown the day before. The stock is finding some breathing room in a rising Paris market, as short sellers continue to reduce their bearish bets.
Technical Rebound at the €116.50 Support Level
Soitec shares are up 3.4% at €120.50, leading the SBF 120 index, which is up 0.27%. The rebound follows a 4% decline the previous day, which broke the support at €124.70. The stock is now back at the identified threshold of €116.50, which now acts as a short-term technical floor. The setup remains penalized by short-term moving averages: the 20-day moving average at €150.53 is 20.5% above the current price, and the 50-day moving average at €133.18 is 10.2% above. The RSI at 42 remains neutral, reflecting exhaustion of selling pressure after a month marked by a nearly 15% drop. The 200-day moving average at €60.39 highlights the extent of the longer rally, with the price still nearly twice as high. According to reviewed statements, two funds hold a net short position of 1.44% of the capital, a significant decrease of more than two points over thirty days (3.57% a month ago). This movement indicates a gradual easing of bearish bets, but does not yet signify a clear reversal of sentiment.
A Consolidation Following a 161% Rally Over One Year
The recent weeks' decline is part of the digestion of a spectacular rise: the stock is still up 89.9% over three months and 161% over a year, after reaching a peak of €200.50 at the end of May. During the annual accounts publication for 2026 (on May 27, 2026), the group reported a 34% decline in revenue to €592 million, affected by the correction of inventories at its RF-SOI clients and weakness in the automotive market, while generating a positive cash flow of €63 million. Identified levers at that time included the adoption of Photonics-SOI solutions for data centers and demand driven by artificial intelligence. Conversely, the risks discussed included the continuation of inventory correction and pressure on profitability. In the background, the easing of crude oil prices following the interim agreement between Washington and Tehran is reducing inflation expectations and supporting the appetite for European cyclical stocks. The session remains to be monitored around the €116.50 level, whose holding or breaking will guide the short-term scenario.
