Valeo Shares Climb 2.59% to €11.68, Crossing Its 200-Day Average
Automotive supplier Valeo continues its rebound this Thursday, May 7, at midday, reaching €11.68, up by 2.59% compared to the previous day. The stock is moving against the trend of a CAC 40 that is down 0.12% at 8,289.50 points. The general assembly on May 21 is in sight.
A Notable Rise in a Stagnant Index
The stock is trading at €11.68 at midday, extending its recovery that began last week. Over seven sessions, the stock has gained 11.5%. Over three months, there is still a decline of 6.63%, but the annual performance is up by +34.56%.
The movement of the day occurs in a Parisian environment without a clear trend, with the SBF 120 down by 0.16%. Valeo ranks 7th in terms of gains in the index, though not among the top gainers, which are led by Nanobiotix (+6.4%) and Soitec (+5.48%). Brent crude has retreated to $98 on May 7, following reports of a rapprochement between Washington and Tehran, removing some of the geopolitical risk premium built into energy prices.
The Stock Crosses the Upper Bollinger Band
At €11.68, the price exceeds the upper Bollinger band set at €11.61, a configuration that indicates a bullish overflow in recent sessions. The RSI at 56 remains neutral and does not send a strong overbought signal despite the magnitude of the weekly rebound. The stock also moves back above its 200-day moving average (€11.14), which it crossed from below. The 50-day average at €10.93 had already been broken in the previous session.
The resistance identified at €11.62 has now been crossed. As a reminder, the group had confirmed its 2026 guidance during the first quarter revenue announcement on April 24, despite a 3.6% decline in gross revenue to €5.12 billion. Next on the calendar: the general assembly on May 21, 2026.
