Alstom share rebounds above its 14.96 € support after a low of 14.90 €
The rail manufacturer's stock bounces back at the close of trading, erasing a dip below its intraday support that had briefly brought the price down to 14.90 €. This recovery occurs in a slightly positive SBF 120, while the one-year performance remains heavily in the red.
A closing rebound after a plunge below the 14.96 € support
Alstom closes at 15.27 €, up 2.11 % compared to the previous day (14.955 €). The session started poorly, however: the stock broke through its 14.96 € support, touching a low of 14.90 €, before recovering and moving back above this threshold over the course of trading. This rebound limits the damage from a difficult week, with the stock still showing -3.23 % over seven days and -4.5 % over one month.
Over one year, the loss reaches 27.08 %, illustrating the extent of the downward movement from 2025 levels. The SBF 120 closes up 0.24 % for its part, in a globally relatively calm market, with the VIX falling to 14.27 during the session.
Moving averages well above and short sellers holding their ground
Despite today's rebound, the technical configuration remains deteriorated. The price is trading below the 20-day MA at 15.97 € (gap of -4.38 %) and below the 50-day MA at 16.05 € (-4.86 %): these two moving averages form a nearby ceiling, and the next resistance is only identified at 16.91 €. The 200-day MA at 20.54 € is out of reach in the short term, with a gap of more than 25 %. The RSI at 37 is in a weakness zone, not yet signaling extreme oversold conditions, but reflecting persistent selling pressure over several weeks. A total of 4.52 % of the capital is being sold short, according to available filings, in a slight decline of 0.13 points over thirty days (compared to 4.65 % a month earlier).
This level remains high and indicates that institutional investors are maintaining significant bearish bets on the stock, although the slight recent decline moderates the idea of an acceleration in the movement. Furthermore, the analyst consensus values the stock on the basis of approximately 9.8 times expected earnings for the current fiscal year and 7.9 times those for the following fiscal year. When publishing Q1 2027 results (July 22, 2026), the group had confirmed its outlook for fiscal year 2026/27, targeting organic revenue growth of approximately 5 % and an adjusted operating margin of approximately 6.5 %. The 16.91 € resistance represents the first hurdle to overcome to validate a trend reversal.
