+2% for Opmobility share, best gain in SBF 120 after a quarter down -19.5%
The Lyon-based automotive supplier posts a notable rebound at the close of trading, in a market globally oriented upwards. The share regains momentum after several weeks under pressure, even though the technical configuration remains deteriorated over the medium term.
A rebound of 2.15% in an SBF 120 gaining ground, but moving averages still above
Opmobility gains 2.15% to €12.33 during the session, allowing it to rank among the strongest gainers of the SBF 120, whose index rises 0.65% for its part. The rebound occurs in a favorable market context, with the CAC 40 up 0.6% and the VIX declining more than 10% during the session, signaling a notable easing of risk aversion. Despite this day's momentum, the share remains below its three reference moving averages: the MA20 at €12.40 (gap of -0.56%), the MA50 at €12.70 and the MA200 at €14.84, representing a gap of nearly 17% below the latter.
The RSI at 39 reflects selling pressure still present, without reaching a clear oversold zone. The nearest resistance is located at €12.75, within reach if the bullish momentum confirms by the close, while the support at €11.87 remains the first safety net in case of a reversal.
A stable weekly performance but a quarterly decline of nearly 20% that weighs on valuation
Over the week, the share shows virtually no change (-0.08%), with today's rebound largely offsetting the previous days' decline. It is over the quarter that the deterioration remains most marked: the share has lost 19.52% in three months, a sequence that recent reports on the value already illustrated, with a downward crossing of several technical thresholds. Over one year, the decline reaches 5.15%.
In this context of prolonged underperformance, valuation offers a reference point: according to the consensus of surveyed analysts, the share trades at approximately 7.7 times expected earnings for the current fiscal year and 6.8 times those of the following fiscal year, with earnings per share growth expected at 12.7% from one fiscal year to the next. The Federal Reserve also raised its rates by 25 basis points this Thursday, bringing the target range to 3.75%-4.00%, a decision that maintains tight financial conditions and may weigh on cyclical sectors such as automotive equipment. The level of €12.75 remains the immediate technical target to watch by the close.
