Stellantis Stock: 3.27% Rebound in a Supportive Market

Stellantis stock closed Wednesday's session at €8.645, up 3.27% from the previous day. This rebound follows a challenging period, with the stock still down 8.34% over the past seven days and 28.32% over the year. Trading volumes remained limited, representing 0.1% of the capital, a modest level indicating cautious investor participation. The rise in Stellantis comes in a favorable market context, with the CAC 40 up 1.99% on the same day, driven particularly by a strong recovery in luxury stocks.

This renewed interest in the stock comes after the manufacturer announced a massive investment of $13 billion in the United States over four years, described as the largest in its history. This plan includes a 50% increase in American production and the creation of over 5,000 jobs in Midwest factories. Additionally, on October 9, Stellantis reported consolidated billings up 13% for the third quarter, at 1.3 million units, supported by a 35% rebound in North America. These factors seem to have temporarily reassured investors, even though Moody's agency placed the group's rating outlook on negative on Monday, citing pressures on profitability and cash flows.

Technically, the stock is now trading above its 50-day moving average, positioned at €8.28, which can be interpreted as a slightly favorable short-term signal. However, the stock remains well below its 200-day moving average, at €9.58, indicating a still bearish long-term trend. The Relative Strength Index (RSI) at 53 remains close to neutrality, indicating neither oversold nor overbought conditions. The MACD shows a flat configuration with a line and signal at 0.20 and a histogram close to zero, indicating a lack of clear momentum. The one-month volatility, measured at 15.51%, remains high, reflecting uncertainties surrounding the group's recovery. Finally, with a negative beta of -0.43, Stellantis exhibits behavior disconnected from the CAC 40, sometimes moving contrary to the Parisian market.