+2.6% for Trigano Stock, Continuing its Rise Beyond Resistance
The French recreational vehicle manufacturer continues its ascent midday in a well-oriented Parisian market. The stock extends the momentum initiated since the half-yearly publication and benefits from new analyst support. The movement has lifted it above a technically watched threshold for several sessions.
Trigano Stock Breaks Resistance at €161 and Marks +26% Year Over Year
Trigano stock is up 2.63% at €163.80 during the session, while the SBF 120 index has risen by 1.12%. During the session, the stock broke through its €161.00 resistance and has maintained above it, extending a bullish movement visible since the half-yearly publication on May 7. The net profit for the first half was then announced up by 14.8% at €121.3 million, with a revenue of €1,779.7 million (+6.2%). Over the last twelve months, the stock now shows a gain of more than 26%, after having touched a low point around €145 in early April. The price is moving above its three moving averages, with a gap of 5.19% on the MM20 (€155.72) and 4.36% on the MM200 (€156.96), indicating a favorable underlying dynamic. The RSI at 58 remains in the neutral zone despite the rise, with no immediate overheating signal. The MACD remains positive, with a line at 1.16 above its signal at 0.91.
CIC Market Solutions Raises Target to €195 and Upgrades to Buy
The research firm CIC Market Solutions published a new recommendation on the stock yesterday, initiating a buy opinion with a price target of €195.00. Based on the current price of €163.80, this target offers an appreciation potential of about 19%. The revision follows the half-yearly publication on May 7, which had triggered a rebound of nearly 5% for the session. However, the stock remains down by 2.5% over three months, indicating that the spring correction phase is not entirely over. The breaking through the €161 resistance now opens a technical space towards the previous annual peak. The next step will be the confirmation of this breached threshold over the coming sessions, with the reference support remaining identified at €145.70.
