Arkema Shares Drop 2% and Break Below Support at €57.20
In mid-morning trading, the specialty chemicals company is sinking in a downward trending Parisian market. The stock has broken through a technical threshold that has been monitored for several sessions, as bearish bets continue to rise on the stock.
The Stock Breaks Its Support at €57.20 and Remains Below Its Short-Term Moving Averages
Arkema's stock has fallen 2% to €56.25, after breaking through its support at €57.20 during the session. The stock is now 4.27% below its MM20 (€58.76) and 7.27% under its MM50 (€60.66), a divergence that reflects the persistence of a selling trend over recent weeks. The MM200 at €55.86 remains just below the current price, providing a last medium-term support less than a point away.
The RSI at 41 is in a neutral zone, with no sign of seller exhaustion. Over one month, the stock has declined nearly 5%, and 8.4% over a year, while the SBF 120 has dropped 0.46% in the session.
Short Positions Triple in a Month, Indicating Increasing Pressure
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Bearish pressure is also evident from short sellers. According to reviewed declarations, three funds accumulate 1.68% of the capital in net short positions, a level that has tripled in thirty days (+1.12 points from 0.56%). This rapid increase signals that institutional investors are intensifying their bearish bets on the stock, though not yet reaching levels of extreme stress.
In industrial news, this week the group commissioned a 15% increase in its PVDF capacity at its Calvert City (Kentucky) site, a $20 million investment aimed at the energy and electronics markets. As a reminder, during the Q1 earnings release on May 6, Ebitda had fallen by 14%, under margin pressure. The next technical support for the stock is at the MM200 at €55.86, the last technical support before a potential return to the spring lows.
Après des mois de janvier et février relativement faibles, la performance du premier trimestre a finalement été légèrement supérieure aux attentes.
Les volumes du Groupe sont stables, et la demande dans les segments clés est en hausse.
Risks mentioned
Impact potentiel de la crise au Moyen-Orient sur la demande mondiale.
Inflation des coûts des intrants résultant de la crise au Moyen-Orient.
Opportunities identified
Développement dans des marchés clés attractifs tels que les batteries et l'impression 3D.
Poursuite des efforts pour gérer strictement les coûts fixes.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
