Stellantis Shares Bounce 2% but Down 40% Over the Year

A Session Rebound That Barely Covers Recent Falls

Stellantis shares are up 1.92% at €5.09 in mid-morning, ranking among the top gainers on the CAC 40 alongside luxury sector stocks. However, today's movement is negligible compared to the extent of the recent decline: the stock is still down 13.73% over one month, 26.52% over three months, and nearly 40% over a year. This session comes two days after the announcement of second-quarter deliveries, which were up 10% year-on-year at 1.6 million units, a figure that was not enough to stem the selling pressure at the beginning of the week.

Stock Still Below Its Three Moving Averages with an Oversold RSI

From an indicators perspective, the situation remains poor despite today's rebound. The price at €5.09 is significantly below the MM20 (€6.14), MM50 (€6.46), and especially the MM200 (€7.71), with a gap of nearly 34% from the latter, reflecting the magnitude of the underlying decline. The RSI at 29 indicates an oversold condition, consistent with the technical rebound observed this Wednesday.

The stock remains below its resistance threshold identified at €7.02 and is close to its support at €5.27. According to the consensus of surveyed analysts, the stock is trading at about 6.2 times the earnings expected for the current fiscal year. The next quarterly delivery figures and the evolution of the support at €5.27 will be concrete benchmarks to gauge the continuation of the movement.