Aperam Shares Dip 2.5% Breaking Through New Technical Support

The Stock Drops 2.5% and Slides Among the Biggest Declines of the SBF 120

Aperam shares fell by 2.54% to €42.94, down from €44.06 the previous day. The stock is among the biggest declines in the SBF 120, as the broader index loses 0.81% during the session. This movement extends a correction phase visible for a week, with a decline of 8.6% over seven days and 15.64% over a month. However, the underlying momentum remains positive, with a gain of 20.42% over three months and 58.33% over a year. The session occurs in a heavy Parisian climate, with the CAC 40 down by 0.81% while the VIX rebounds by 7.57% to 20.04, indicating a resurgence of nervousness.

Breakdown of Support at €44.06 and RSI Drops to 33, Below Two Moving Averages

The €44.06 threshold, which had served as support, is breached during the session, extending the technical breakdown observed the previous day. The RSI has fallen to 33, close to the oversold zone, reflecting the buying exhaustion of recent sessions. The stock is now trading 13.36% below its MM20 (€49.56) and 9.73% below its MM50 (€47.57), confirming the deterioration of the short-term momentum. However, the MM200 at €37.73 remains more than 13% below the current price, indicating that the long-term trend established since last year is not in question. The next resistance zone is at €53.05, a level tested several times in June without breakthrough.