Verallia Shares Drop Nearly 4% Breaking Through Support at €18.77

A Decline That Breaks the Support at €18.77 and Impacts Moving Averages

Verallia stock falls 3.83% to €18.60 in early afternoon trading, while the SBF 120 is down 1.12% and the CAC 40 drops 1.27%. The stock has broken through its support level at €18.77 during the session and remains below this threshold, with an intraday low at €18.57. This downturn negates part of the rebound from July 3, when the stock had soared over 7.5%, and erases the breakthrough of the resistance at €20.20 achieved in early July. The price is now below its three moving averages, with a gap of 5.58% below the MM20 (€19.70) and 12.76% below the MM200 (€21.32), confirming the underlying bearish trend, corroborated by a year-on-year decline of 34.23%. The RSI at 39 indicates a selling momentum without a marked oversold zone.

Tense Sector Context Ahead of Semi-Annual Results in Five Days

The session unfolds against a backdrop of rising oil prices, with Brent crude above $91 per barrel (+2.69% in the session, +16.6% over nine sessions), fueled by escalating tensions between the United States and Iran and threats to the straits of Hormuz and Bab el-Mandeb. This energy context weighs on energy-intensive industries, including hollow glass manufacturing with its high-temperature furnaces and logistical costs. The decline is also part of a broader movement of unfavorable rotation towards cyclical stocks, with the ECB expected to confirm today a cautious stance in the face of energy inflation risks. Verallia will publish its first half results on July 28, a deadline that will provide an updated view of the operating margin and volume trajectory after a year 2025 already marked by a decline in the stock. The support at €18.77, now breached, becomes the technical reference to watch at close.