Stellantis NV share price down 32% in three months
Stellantis extends its decline this Wednesday in a CAC 40 that is also slightly lower, as the geopolitical context weighs on market sentiment. The Italian-American automaker remains under pressure following a difficult August in terms of registrations, and its technical configuration offers little relief.
A further decline that pushes the stock below its key moving averages
Stellantis drops 1.85% to €4.55 during the session, ranking among the strongest declines in the CAC 40 this Wednesday, while the Paris index itself retreats by 0.32%. The stock is trading below its 20-day moving average at €4.63 (a gap of -1.72%) and remains well below its 50-day moving average at €4.86, representing a distance of nearly 6.4%. This dual pressure from short-term moving averages illustrates a persistent downward momentum, which the RSI at 47 (neutral zone) does not contradict.
The price remains firmly below resistance at €5.28, with a support level to monitor at €4.38. Over one month, the stock loses 8.45%, and over three months, the decline reaches nearly 32%. Renault, the other automaker in the comparable group, drops 2.10% during the session, a sign that pressure is affecting the entire automotive sector listed in Paris.
Disappointing August sales and Pro One conference at Hanover as the next milestone
Today's decline follows on from August sales published Tuesday: Stellantis underperformed a French light vehicle market that was up 3.6% at 110,132 units for the month. This commercial setback had already weighed on the stock the previous day, with a decline of more than 3%. From a geopolitical standpoint, the military escalation between Iran and the United States around the Strait of Hormuz, which boosted Brent by more than 5% to $95.40 per barrel during the session, represents an additional source of uncertainty for the automotive sector, whose fuel costs and supply chains remain sensitive to oil tensions.
Furthermore, the Stellantis Pro One division will present its roadmap at the IAA Transportation fair in Hanover on September 14, with the aim of displaying an expanded positioning toward mobility and logistics for professionals. According to the consensus of surveyed analysts, the stock is trading at approximately 8.3 times expected earnings for the current fiscal year, reflecting an already depressed valuation pending an operational recovery. The support level at €4.38 remains the level to monitor to assess the strength of the short-term trend.
