AB Science clears its €0.59 resistance and jumps 9%
The Paris-based biotech enjoyed a very lively midday session, ranking among the best performers on the exchange.
A resistance tested during the session, a high at €0.60 before a slight pullback
The stock gains 8.8% to €0.58, compared with €0.53 the previous day. It broke through its €0.59 resistance during the session, reaching a high of €0.60, before slipping slightly back below that level. This rebound places it at the top of the Paris exchange rankings: the stock ranks fifth among the largest gainers of the CAC All Shares. It lifts the price above its 20-day moving average (€0.54, a 7.6% gap), while it remains below its 50-day moving average (€0.60) and well below its 200-day moving average (€0.90).
The stock is still down 22% over three months, so this surge recovers only a fraction of the quarterly decline.
A rebound that extends the October gains, following the half-year results and the web conference
The session's surge recalls another: on October 13, the stock had already gained nearly 10% after the publication of its half-year results, which were marked by a net loss of €9 million, increased by a tax provision.
The company then presented its outlook during a web conference held on October 14. Over one week, the stock rises 10%, but it remains down 50% over one year.
On the momentum side, the RSI at 57 and a MACD histogram that has turned positive again (0.0068) indicate a dynamic that has recovered without entering overbought territory. The €0.51 support will be the level to watch if the stock falls back below the resistance it has just tested.
