VINCI Shares Bounce to €128.20, Moving Away from Technical Support
VINCI shares are regaining strength this Tuesday morning, up 1.91% at €128.20. The movement comes after several sessions of decline that had brought the price down to its technical support at €123.95. The CAC 40 is up 0.62% during the session, in a European market trending upwards.
Technical Rebound After Testing Support at €123.95
Today's rebound allows VINCI to move away from the support zone at €123.95, previously mentioned at the end of April when the price had dropped to around €126. At €128.20, the stock remains below its 20-day and 50-day moving averages, both at €132.12 and €132.20 respectively. Only the 200-day moving average at €123.50 is below the price, maintaining the stock in a mixed configuration. The RSI at 39 indicates a lack of significant buying pressure. The price is moving at the lower end of the Bollinger Bands, close to the lower boundary at €124.50. Over seven sessions, the stock shows a modest gain of 0.35% and has risen by 3.18% over three months, maintaining a limited lead of 2.11% over one year.
Record Order Book and Tense Macroeconomic Context
The stock is operating in a contrasting environment. Brent crude at around 108 dollars a barrel, amid ongoing tensions around the Strait of Hormuz, fuels caution on European cyclical stocks. The ECB kept its rates unchanged on April 30, signaling a simultaneous intensification of risks on inflation and growth. On the fundamentals side, the group had published at the end of April a record order book of 74.9 billion euros for the first quarter, despite stable revenue at 16.3 billion and a slight organic contraction of 0.5%. Recent contract awards are feeding this order book: 200 million euros in New Zealand, 364 million in the Czech Republic, and 192 million for the electrification of Guinea. The next key event: the publication of the first half 2026 results, expected on July 29.
