Thales Shares Surge Nearly 5%, Marking One of the Top Gains in the CAC 40
The defense electronics group confirms its recovery on the Parisian market, in a CAC 40 that is otherwise trending downward. The stock continues the rebound dynamic that began earlier in the week, gradually erasing the decline that started in early June. The movement is part of a session marked by a clear rotation towards European cyclical and industrial values.
The Stock Crosses its 50-Day Moving Average and Approaches the 200-Day Moving Average
Thales stock is up 4.66% at €240.10 mid-morning, placing it among the strongest gains in the CAC 40, with the index itself down 0.17%. ArcelorMittal (+8.92%) and Airbus (+4.73%) occupy the first two spots, in a session favorable for cyclical sectors and European aerospace-defense. Today's progress brings the weekly gain to 4.71%, while the three-month performance remains negative at -11.48%.
The rebound brings the price above the MM20 (€231.73) and MM50 (€234.86), with respective gains of +3.61% and +2.23%. The MM200, at €244.94, is still 1.98% above the current price and represents the nearest technical hurdle. The RSI at 43 remains neutral, leaving room before a potential overbought configuration could occur.
June's Slide Eases, Upcoming Statistical Meeting on European Defense
Today's movement extends the recovery that began after breaking the support at €219.40, crossed at the end of June. The downward trend in early June, linked to geopolitical easing in the Middle East and the erosion of the defense premium, gives way to a rebalancing: the monthly gain now stands at +2.57%, and the performance over a year is nearly back to even (-0.17%). The European context also plays a role: massive Russian strikes on Kyiv overnight from July 1 to July 2, with more than 70 missiles and about 500 drones according to Ukrainian authorities, maintain a geopolitical risk premium on the continent, while Volodymyr Zelensky calls for new anti-aircraft defense systems from Western allies.
Graphically, the €244.94 zone, corresponding to the MM200, will be the next threshold to cross to confirm a lasting exit from the correction phase. The identified resistance at €270.30 remains distant.
