Alstom share breaks through its 14.96 € support level and extends its decline
The Saint-Ouen-sur-Seine-based rail manufacturer is among the most abandoned values in the SBF 120 on Wednesday, even as a new commercial agreement was just announced at the InnoTrans trade show in Berlin. The stock is losing ground against a backdrop of persistent technical weakness, accumulating a significant decline across all performance horizons.
The 14.96 € support broken during the session, the stock at the bottom of the SBF 120
Alstom loses 2.69% to 14.86 € during the session, ranking among the strongest declines in the SBF 120 on Wednesday. The stock has broken below its support level at 14.96 €, a level that had held during the previous session after a brief dip to 14.90 €, and it remains below this at 14.87 € at the latest reading. This breakthrough worsens an already pressured technical configuration: the price is below the 20-day MA at 15.94 € (gap of -6.78%) and the 50-day MA at 16.05 € (-7.41%), two levels that are exerting notable resistance.
The RSI at 42 remains in neutral territory, without a marked oversold signal for now, which does not suggest an automatic technical rebound in the short term. Over one week, the decline reaches 4.9%, and over one month 7.07%, while the CAC 40 and SBF 120 each yield only 0.31% during the session.
A Northrail agreement signed in Berlin and significant short positions to monitor
It is in this context that the group announced on September 23, at the InnoTrans trade show in Berlin, the signing of a framework agreement with lessor Northrail covering a new generation of Traxx Shunter maneuvering locomotives, intended primarily for the German market. The announcement did not reverse the trend during the session, with the market appearing more focused on the overall price dynamics of the stock. Over one year, Alstom is down 30.72%, a result that weighs on the perception of value despite recent significant contracts, including a 1.2 billion € agreement with TransPennine Express in the United Kingdom in September and a 4.7 billion CAD contract with VIA Rail Canada. When publishing first quarter 2027 results on July 22, 2026, the company had confirmed its outlook for fiscal year 2026/27, with expected organic growth of approximately 5% and targeted adjusted operating margin of approximately 6.5%.
Based on expected earnings per share, according to the consensus of analysts surveyed, the stock trades at around 9.5 times current fiscal year earnings and 7.7 times the following year. Furthermore, five funds collectively hold 4.52% of capital sold short, according to filings reviewed, down slightly by 0.20 points over thirty days. This level remains elevated and reflects persistent institutional distrust of the stock, although the modest decline over the month suggests this movement is not accelerating markedly. The next resistance to watch is located at 16.91 €, far above the current price.
