Arkema Shares Drop 2% Breaking Support, Bearish Bets on the Rise
The specialty chemicals company falls again mid-session in a declining Parisian market. The stock continues a downturn that began over the past month, breaking a technical threshold monitored for several sessions.
The stock breaks the €57.25 support and sinks below its short moving averages
Arkema shares drop 2.07% to €56.90, after closing at €58.10 on Friday. During the session, the stock broke its support at €57.25, already identified as a breaking point during the break on June 18. This movement is part of a clear downward trend: the stock has lost nearly 8% over a month and is now trading below its MM20 (€59.20, a gap of -3.89%) and its MM50 (€60.90, a gap of -6.57%). Only the MM200, at €55.87, remains below the current price, providing a support point 1.84% below current levels.
The RSI at 43 remains neutral, with no oversold signal, which leaves the door open for a continuation of the decline towards this last medium-term support. The stock is in the lower half of the SBF 120 while the index drops 0.7% during the session. The sectoral context also weighs heavily: the more restrictive turn coordinated by major central banks, with the ECB raising rates for the first time since 2023 and the Fed with nine members now anticipating an additional rate hike by the end of 2026, fuels pressure on the valuations of industrial cyclicals. The yield on the 10-year Bund is around 3%, reflecting this tightening of long-term rates in the euro zone.
Net short positions triple in a month, signaling rising skepticism
According to reviewed statements, three funds now hold 1.87% of Arkema's capital in net short positions, up from 0.56% thirty days ago, a jump of 1.31 points in a month. This rapid increase reflects a rising bearish pressure on the stock, although not yet reaching extreme levels compared to other stocks in the sector. This movement should be seen as the arrival of new institutional bearish bets on the stock, to be interpreted alongside the recent technical degradation rather than as an isolated signal.
The sequence remains to be monitored in upcoming statements to measure whether the momentum intensifies or stabilizes. As a reminder, the appointment of Laurent Tellier as Chief Operating Officer, announced on May 29, will take effect on July 1, 2026. In the short term, the holding of the MM200 at €55.87 is the next technical marker watched by the market in case of an extended decline.
