Valeo's Shares Bounce to €10.62 but Remain Below Key Moving Averages
The automotive supplier regains some ground this Tuesday midday in a CAC 40 that is up 0.62% at 8,025.24 points. The stock is trading at €10.62, while the company participates in the ACT Expo in Las Vegas until May 7, focusing on electric and autonomous commercial vehicles. Over three months, the stock is still down by 17.58%.
A Notable Presence in Las Vegas for Electric Utilities
Valeo is participating for the first time at the ACT Expo, held from May 4 to 7 in Las Vegas. The supplier is showcasing its integrated solutions for road transport, aiming to position itself as a technological partner in the electric and autonomous truck segments. This participation was announced at the end of April in a dedicated press release. The group has made multiple industrial announcements in recent weeks: inauguration of high-voltage lines in Étaples, extension of the partnership with RESRG Automotive in China, and opening of a center dedicated to artificial intelligence in Cairo. During the announcement of the first quarter revenue on April 24, Valeo confirmed its full 2026 guidance despite a 3.6% drop in raw data to €5.12 billion. On a constant scope and exchange basis, activity increased by 1.3%, against a global automotive production decrease of 3.4%. The next financial calendar event is the general assembly on May 21, 2026.
The Stock Attempts to Return to Its Moving Averages
At €10.62, Valeo remains below its MM50 at €11.01 and its MM200 at €11.13, two benchmarks that tightly frame the resistance zone at €11.62. Today's rebound comes from the lower part of the Bollinger bands, whose lower limit is at €10.19, following the downturn observed at the end of April in reaction to the quarterly publication. The RSI at 43 remains neutral and does not indicate any particular exhaustion of the selling movement. The sectoral context remains charged. Brent is trading around $108 per barrel amid tensions around the Strait of Hormuz, a level that traditionally weighs on automotive suppliers through input costs. Moreover, the ECB maintained its three key interest rates unchanged on April 30, pointing out the simultaneous intensification of risks on inflation and growth in the eurozone.
