Stellantis Shares Plunge 4.53% at Close, Consolidating Below 10 Euros

Sharp Decline Below Psychological Threshold

The 4.53% decline recorded this Monday brings the share price below the psychological threshold of 10 euros, erasing some of the gains accumulated since the low in September. Over the week, the decrease reached 5.87%, confirming the fragility of the technical rebound that began in the fall. Despite this recent correction, the share still shows an increase of 11.79% over three months, but remains down by 23.62% over the year, reflecting the group's ongoing difficulties. Technically, the stock now slightly exceeds its 50-day moving average positioned at 9.26 euros, but is dangerously approaching the major support at 8.20 euros. The Relative Strength Index stands at 66, remaining in the neutral zone but indicating some exhaustion after recent gains. The MACD shows signs of weakness with a line at 0.29 below its signal at 0.31, and a negative histogram at -0.02, suggesting a loss of bullish momentum. Bollinger Bands set a range between 8.68 and 10.77 euros, with the price now in the lower half of this channel. A monthly volatility of 10.25% and a beta of 0.72 illustrate a less nervous behavior than the market overall.

Lack of Major Stock Market Catalyst

The absence of a major stock market catalyst at the end of this pre-holiday week partly explains this consolidation movement. On December 16, the European Commission presented measures to relax automotive emission standards, including the principle of technological neutrality and the creation of a category for affordable small cars, an initiative welcomed by Stellantis. However, these regulatory announcements, although encouraging in the medium term, were insufficient to support the stock against profit-taking and investor wait-and-see attitudes. On December 19, the Italian competition authority concluded investigations targeting the group regarding consumer information on electric vehicles, after commitments from Stellantis to improve the presentation of battery autonomy and warranty data. Additionally, on December 16, the US NHTSA closed an investigation concerning nearly 299,000 Chrysler vehicles, deeming the corrective measures sufficient. These favorable regulatory outcomes, however, did not create a bullish momentum in the absence of concrete operational announcements.

Mixed Analyst Opinions on Group's Trajectory

Analysts' opinions remain divided on the group's trajectory, illustrating the uncertainty surrounding Stellantis' recovery. On December 11, Exane BNP Paribas downgraded its recommendation from neutral to underperform, a negative signal that weighed on investor sentiment. Conversely, on December 5, Intesa Sanpaolo upgraded its advice to buy with a target of 12 euros, representing a potential upside of 27% compared to the closing price this Monday, while UBS on December 3 adopted a buy recommendation with the same target of 12 euros, anticipating a recovery in the North American market. RBC Capital maintains a market perform recommendation but lowered its target from 9 to 8 euros on November 28, representing a potential downside of 15% from the current price. This divergence of opinions is explained by the anticipation of the new strategic plan from CEO Antonio Filosa, expected in the first half of 2026, which will need to clarify the future of the group's 14 brands and reassure on the long-term viability of certain European brands such as DS, Lancia, or Maserati, currently under scrutiny due to disappointing performances.