Valeo Shares Up 1.98% to €11.85, Marking a Weekly Rebound of 13.7%
Automotive supplier Valeo is up 1.98% at €11.85 as the market nears closing, while the CAC 40 is down 1.05% during the session. The stock is among the top 5 gains in the SBF 120. Its weekly rebound exceeds 13.7%, in a Parisian market weighed down by the rise of Brent crude to $106.
A Notable Rebound Pushing the Stock to the Top of the Bollinger Bands
At €11.85, the share price is above its three moving averages: MM20 at €11.04 (+7.3%), MM50 at €10.85 (+9.2%) and MM200 at €11.17 (+6.1%). The stock successively crossed its 50-day average on May 6, then its 200-day average on May 7, as mentioned in the brief from May 7.
Today's movement brings the price above the upper Bollinger band (€11.81), signaling a short-term overbought condition. However, the RSI at 58 remains in the neutral zone, without excess warning. The technical resistance identified at €11.63 has been breached. The session partially offsets the quarterly decline, which remains at -9.85% over three months.
Short Positions Decline and General Meeting on May 21
According to the latest AMF publication on May 7, 2026, the net short positions declared on Valeo reach 12.38% of the capital, distributed among 9 funds including Kintbury Capital (2.89%), Marshall Wace (2.36%), and BlackRock Investment Management UK (1.92%). The ratio has decreased by 0.51 points over thirty days. The level remains high and keeps the stock exposed to short-covering movements.
On the calendar, the annual general meeting is scheduled for May 21, 2026. In terms of valuation, the stock is trading at about 7.3 times the earnings expected for the current fiscal year, compared to a sector average of about 14.2 times according to the consensus of six analysts (yfinance, updated May 6). The group has also joined the Global Impact Coalition for the circularity of automotive plastics. The next important date: the general meeting on May 21.
