The automotive supplier leads the SBF 120 at mid-session, in a Parisian market that is otherwise trending downward. The stock has just crossed a closely watched technical threshold and has reached its highest level in nearly three years, extending a rally that began in early May.
Valeo's Shares Hit €15.35, Highest Since 2023, Breaking Resistance
Valeo's stock climbs 8.4% to €15.2350 at midday, leading the SBF 120, which in turn is down 0.27%. This movement validates the breaking of the resistance at €14.06, crossed during the session and now used as support. Over the month, the supplier has gained nearly 43%, and over 70% over the year. This surge continues the momentum triggered after crossing the 200-day moving average in early May, with the stock now trading more than 33% above this long-term benchmark. The RSI at 70 reflects the intensity of the rally and places the stock at the threshold of the overbought zone, with no reversal signal at this stage.
Short Sellers Reduce Their Bets as the Rally Extends
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
According to reviewed statements, seven funds cumulatively hold 11.35% of the capital sold short as of May 29. The bearish bet remains high in absolute terms, but has decreased by 2.32 points in a month, indicating that some participants have begun to cover their positions as the stock continues its rise. This partial disengagement movement is not a complete reversal of sentiment, but it accompanies the upward trajectory without contradicting it. In terms of valuation, according to the consensus of surveyed analysts, the stock is priced at about 9.4 times the earnings of the current fiscal year and 7.0 times those of the next fiscal year. On the operational front, the group has made multiple announcements in recent weeks, from being selected by a major Indian manufacturer for its ADAS VSS360 system to partnering with Zuken on an AI-enhanced electronic design platform. The next technical resistance now stands beyond the €15.35 reached today.
Nous avons poursuivi l'amélioration de notre rentabilité et nous avons concrétisé le tournant attendu en matière de génération de cash, atteignant un niveau record de cash issu des opérations.
Le communiqué souligne une bonne dynamique commerciale et une amélioration continue de la rentabilité et de la génération de cash, avec des prises de commandes en hausse et des objectifs financiers pour 2026.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
