Thales stock rebounds nearly 2% and defies a declining CAC 40
In a CAC 40 down this Monday, Thales stands out as an exception and distinguishes itself with a notable rebound during the session. The defense electronics group is recovering from the support zone tested in early September, amid a market context agitated by a busy week of central bank decisions.
A rebound of nearly 2% that resists a CAC 40 in negative territory
Thales gains 1.9% to €231.10 during the session, while the CAC 40 falls 0.93% and the SBF 120 declines 0.91%. The stock thus ranks among the strongest gains of the CAC 40, against the grain of a session marked by a volatility spike: the VIX jumps 14.65% to 18.16, a sign of increased nervousness on markets. Today's momentum contrasts with the past month: the stock still loses nearly 14% over thirty days and remains under pressure in the medium term.
Over the week, the decline remains limited to 1.07%, suggesting some stabilization after the threat to the €225 support that materialized in early September. Today's rebound occurs from a level close to this threshold at €225.10, which the stock ultimately did not sustainably break through.
An RSI in extreme oversold territory at 23: the technical configuration remains under high tension
Despite the rebound, Thales trades below its three moving averages: the 20-day MA is at €245.38, representing a 5.82% gap above the current price, the 50-day MA at €243.50 (gap of 5.09%) and the 200-day MA at €242.64 (gap of 4.76%). This triple bearish alignment reflects degraded momentum across all timeframes. The immediate resistance to watch is at €271.90, far from the current price, while the financing of the Exail acquisition, funded by a one-billion-euro bond issuance in August, remains the underlying structural issue. The MACD, still in negative territory with a histogram at -2.93, confirms that selling pressure remains present: the rebound will need to continue for the stock to return within reach of its moving averages.
