Thales Shares Rebound, Boosted by New Military Vehicle with Renault
The defense electronics group's stock is advancing in mid-morning trading, in a well-oriented Parisian market. The stock is among the top gainers on the CAC 40, following several weeks of consolidation. This movement comes after the presentation at Eurosatory of a new military vehicle co-developed with Renault.
The stock moves above its 20-day moving average and ranks among the top gainers of the CAC 40
Thales shares are up 1.39% at €233.80 in mid-morning trading, with the CAC 40 up by 0.80%. The stock is among the strongest gainers in the Parisian index, trailing behind Schneider Electric, Safran, and Legrand. This rebound brings the monthly gain to 6.56%, although the stock is still down 7.88% over three months.
The price has moved above its 20-day moving average (€231.55), with a gap of 0.97%, after repeatedly hitting this threshold in recent sessions. Longer averages remain above the price: the 50-day moving average at €239.24 and the 200-day moving average at €244.74 mark the resistance zone to be reclaimed. The RSI at 46 remains neutral, indicating that selling pressure is easing without a clear shift into bullish territory.
The 4 Troop prototype presented at Eurosatory highlights the group's land sector
The session follows the unveiling on Monday at Eurosatory of the 4 Troop, a multi-role military vehicle prototype co-developed with Renault Group. This project incorporates secure communication technologies, drones, and artificial intelligence tools for ground forces. It extends the momentum seen in European defense programs, following the French order of the multi-layer SAMP/T NG air-defense system developed by Eurosam (a Thales-MBDA joint venture), announced on June 11.
The sectoral context remains supportive, with sustained European demand for anti-aircraft systems and tactical connectivity. On the stock market front, the next technical milestone is the 239-241 € zone, which combines the 50-day moving average and the identified resistance at 241 €. A breakthrough would pave the way towards the 200-day moving average at €244.74.
