SPIE's stock rebounds by over 2% and retests its 50-day moving average at €48.68
The stock of the multi-technical services specialist in energy and communications sharply rebounds mid-morning at the Paris Stock Exchange, within a barely positive CAC 40. The stock ranks among the top performers in the SBF 120, following a tentative week marked by a test of its long-term moving average.
A 2.14% rebound places SPIE in second position in the SBF 120
SPIE's stock gains 2.14% to €48.72, while the SBF 120 rises by 0.16% and the CAC 40 by 0.19%. The stock is among the highest risers in the broader index, just behind Exosens. This surge comes after a documented decline last Friday, where the price had tested the MM200 at €47.42, the last long-term technical benchmark.
Over a month, the stock remains down by 1.85%, but it shows a gain of 3.09% over a year and 1.5% over three months. The session context remains fragile: Brent crude still advances by 2% to $90.19 a barrel, while US strikes on Iran continue and tanker traffic in the Strait of Hormuz has reduced this weekend. This energy tension weighs on several European cyclical stocks, without diverting SPIE from its own movement during the session.
The stock reapproaches its MM50, with the MM20 in sight
Technically, the rebound brings the price back to the exact contact of the MM50 at €48.68 (a 0.08% difference), after testing the MM200 the previous session. The MM20, at €49.14, remains slightly above the price (a -0.85% difference) and becomes the next threshold to cross to confirm a clearer recovery. The RSI at 60 indicates a regained buying momentum, without excess. The MACD, with a line at 0.28 and a histogram in positive territory at 0.33, confirms the short-term momentum recovery.
The identified resistance remains at €51.10, a threshold already broken on June 25 before the stock fell back. The support at €46.56 has been confirmed in recent days around the MM200. Next factual milestone: the publication of the half-yearly revenue, expected at the end of summer.
