Stellantis Shares Drop 7.29% Despite Rising Billings in the Third Quarter
The automotive manufacturer's stock ended Friday's session at €8.56, significantly down from the previous day, in a Parisian market that was also trending downward.
A Volatile Session for Stellantis
The October 10 session proved particularly volatile for Stellantis stock. After opening higher, supported by the announcement of good commercial results, the price rose to €9.38 mid-morning before turning red by the end of the day. The closing was finally set at €8.56, a decline of 7.29% compared to €9.23 the day before. This drop occurred while the CAC 40 itself fell by 1.53%, hampered by a resurgence of trade tensions between the United States and China. Trading volumes remained moderate, with a 0.25% share of capital traded, suggesting that the movement did not mobilize massive investor participation. Over the week, the stock now shows a decline of 2.87%, while over a year, the drop reaches 29.91%, in stark contrast to the CAC 40's increase of 4.73% over the same period.
End-of-Session Decline Despite Positive Announcement
The end-of-session decline came after a favorable announcement from the group: Stellantis reported on Friday morning consolidated billings up 13% in the third quarter, at 1.3 million units. This improvement was mainly driven by North America, where volumes jumped 35%, notably thanks to the return of the Ram 1500 equipped with the HEMI V8 engine. In Europe, deliveries increased by 8%, supported by the start of production of new models such as the Citroën C3 and C3 Aircross, the Opel Frontera, and the Fiat Grande Panda. Despite these positive operational elements, the stock failed to retain its morning gains, likely affected by the general market climate. At the end of the session, new tariff threats by President Trump against China weighed on the entire European automotive sector, contributing to the erasure of initial gains.
Technical Analysis Perspective
From a chart perspective, the stock is now approaching its support threshold at €7.46, a zone that could play a key role in case of further selling pressure. The price remains slightly above its 50-day moving average, positioned at €8.22, indicating a short-term trend that is still fragile but unbroken. However, the stock remains well below its 200-day moving average, set at €9.63, a sign of a long-term trend that has been unfavorable for several months. The Relative Strength Index, which measures the speed and magnitude of price changes, is at 63, a level that indicates neither overbuying nor overselling zones. Moreover, with a beta of 0.18, Stellantis shows very low sensitivity to movements in the Parisian market, partly explaining the performance gap with the reference index. The MACD, a momentum indicator, remains positive with a line at 0.27 above its signal at 0.12, but the histogram of 0.15 suggests a still timid bullish dynamic. Finally, the Bollinger Bands currently frame the course between €7.44 and €9.49, delineating a fluctuation zone in which the stock has been moving for several weeks.
