Stellantis Stock Rebounds 2.82% After Friday's Sharp Correction
The automotive manufacturer's stock closed at 8.80 euros this Monday, marking a 2.82% increase from the previous day. This rebound follows a steep drop of 7.29% on Friday, triggered by Donald Trump's threats to impose a massive increase in tariffs on Chinese imports. The American president's retraction of these statements led to a renewed interest in automotive stocks this Monday. Trading volumes remained moderate with 0.12% of the capital traded, reflecting a certain caution among investors. Over the week, the stock still shows a decline of 2.28%, but over three months, it has managed to limit its losses with a gain of 2.34%. On an annual scale, the performance remains negative at -25.73%, in stark contrast to the 4.7% rise in the CAC 40 over the same period.
Stellantis held a conference call with analysts on Friday during which the group confirmed that the 13% growth in deliveries in the third quarter would translate into an equivalent increase in revenue. The manufacturer also announced the postponement of the presentation of its strategic plan to the first half of 2026, against an initially scheduled deadline in the first quarter. This decision aims to better integrate the uncertainties related to US tariffs and the evolution of European regulation. UBS analysts maintained their neutral recommendation, estimating that the conference did not bring any major surprises. Berenberg remains more optimistic with a buy recommendation and a target price of 9.50 euros, while noting that the recovery of profits will take time. Technically, the stock is now trading above its 50-day moving average located at 8.24 euros, a threshold it had temporarily breached downwards on Friday. However, it remains below its 200-day moving average set at 9.62 euros, confirming a still fragile underlying trend.
The Relative Strength Index (RSI) stands at 55, a level close to the neutral zone that indicates neither overbought nor oversold conditions. This configuration suggests that the stock still has room to maneuver before reaching areas of technical tension. The MACD, which measures price momentum, shows a line at 0.24 slightly above its signal line at 0.15, while the positive histogram at 0.08 indicates a slight resurgence of buying momentum after Friday's correction. The Bollinger Bands, currently framing fluctuations between 7.49 euros and 9.49 euros, indicate that the stock is trading in the middle part of its volatility channel. With a technical support identified at 7.46 euros and resistance at 9.43 euros, the stock has a significant range of movement. The monthly volatility of 14.42% remains high, reflecting the uncertainty surrounding the automotive sector in a volatile geopolitical and regulatory context.
