SPIE Shares Climb 2.67% Breaking Through the €51.10 Resistance
The stock of the multi-technical services specialist in energy and communications records one of the best performances on the Parisian market. The increase extends the rebound that began earlier in the month and allows the stock to surpass a technical threshold that has been closely watched for several sessions, amid well-oriented European indices.
A Resistance Break that Positions SPIE Among the Top Gainers of the SBF 120
SPIE's stock gains 2.67% to €51.90, ranking among the top risers of the SBF 120. The stock broke through its €51.10 resistance during the session and has maintained above it, a level that had acted as a ceiling for several weeks. This movement extends the rebound from June 15, where the stock had already targeted this zone without managing to break through.
The next target is identified at €52.75, just above the current price. The market context supports the movement: the CAC 40 is up by 0.72% and the SBF 120 by 0.68% during the session, while the VIX falls by 8.47% to 17.84, indicating a relaxation in volatility. The drop in Brent crude to $72.5 per barrel, linked to the resumption of flows through the Strait of Hormuz, reduces the energy bill for industrial sectors.
A Clear Technical Momentum, with the Stock Trading Above Its Three Moving Averages
The stock is now trading 5.62% above its 20-day moving average (MM20) of €49.14, 6.61% above its 50-day moving average (MM50) of €48.68, and 9.45% above its 200-day moving average (MM200) of €47.42, clearly indicating a bullish configuration across all three timeframes. The RSI at 60 remains in a neutral zone, leaving room before a potential overbought signal, while the MACD has moved back into positive territory (line at 0.28 against a signal at -0.04), confirming an improvement in the medium-term dynamics. On performance, the stock shows a 7.05% increase over one month and 18.06% over three months, a trajectory that positions SPIE among the strong performers of the sector. The effective crossing of the €51.10 mark paves the way for testing the next resistance at €52.75, identified by the available technical data.
